Local Regs Hammer Affordable Housing, Study Finds
Local government regulations can add as much as 30% to the cost of a new home, according to a recent study of development regulations in 187 cities and towns in eastern Massachusetts.
The study found that for each instance that communities increase minimum lot sizes by one-quarter of an acre, about 10% fewer homes are permitted. Fourteen municipalities in eastern Massachusetts zone more than 90% of their land area for two-acre lot sizes. Half of the municipalities zone at least one-acre lot sizes on more than half of their land area.
Two Massachusetts research organizations, the Pioneer Institute for Public Policy Research and Harvard’s Rappaport Institute for Greater Boston, jointly conducted the study and the results of the research are reported in “Regulation and the Rise of Housing Prices in Greater Boston.”