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The Wall Street Journal: Does Oregon Have The Answer To High Housing Costs?

The Wall Street Journal, Oct. 23, 2019: Does Oregon Have the Answer to High Housing Costs?

Oregon is emerging as a testing ground for a new approach to solving the nationwide shortage of affordable housing.

The state legislature in June passed a zoning law requiring cities of 25,000 people or more to allow two-, three- and four-unit residential buildings in neighborhoods of single-family homes.

New construction frees up older and cheaper housing stock, allowing multiple homes on land where only one was permitted before, proponents of rezoning say. That will produce more homes at lower prices.

 

 

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