“New York’s rezoning is a step in the right direction. The new plan will permit a wide array of offices, basements, backyards and church parking lots to be converted into apartments. Five-story buildings can be erected near train stations and commercial districts. Costly minimum parking requirements will be scaled back. In theory, about 80,000 new homes will be able to be built over 15 years.

The effort builds on a trend for zoning reform and land-use deregulation that’s won bipartisan support in states such as California and Virginia.”

From Bloomberg.