[Redacted] Housing Crisis

108,036
2029 Housing Target

Massive & Growing Housing Gap

To meet its state-mandated housing plan, [Redacted] needs 108,000 housing units by 2029. According to the local Housing Commission, this number is closer to 130,000 - 220,000.

Supply Demand Imbalance

Housing Demand is On the Rise

Net Absorption
Source: Costar

Housing Inventory is Decreasing

Active Listings
Moving Average
Source: FRED

Only Market with Year-Over-Year Decline

Source: Real Report - 12/21/22

[Redacted] was the only one of these 21 major markets to have a [redacted statistic].

Source: Real Report 12/21/22

New Housing Production Continues to Fall Short

Despite ambitious development targets, [Redacted] has missed its necessary target for the past 15+ years, creating this deficit. In 2021 the city fell short by nearly 10,000 units.

14,715
Yearly Units Needed
Needed to Meet Target
5,033
2021 Total Units
Nearly 10,000 Unit Gap
Source: SOURCE

If all capacity sources are fully utilized
[Redacted] has sufficient housing potential to meet 10-year needs

[Redacted] can exceed its housing needs by ~30,000 units over 10 years if all potential housing capacity is fully captured.

Potential units will come from:

  • Rezoning & Increased Density: Rezoning to increase density around transit opportunity areas (47,000-146,000 units)

  • Development & Utilization: Redeveloping underutilized parcels of land (56,000-73,000 units)

  • City & Industrial Lots: Adapting disused industrial zones and city sites (11,000-20,000 units)

  • Addressing Vacant Lots: Infilling vacant lots (5,000-6,000 units)

  • Accessory Dwelling Units: Utilizing detached Accessory Dwelling Units (ADUs) (2,700-5,500 units)