addressing the rental shortage requires a multifaceted approach that involves innovative solutions and streamlined processes to increase the availability of rental housing units. Here are some strategies to achieve this goal:
1. Rezoning to General Zone: Rezoning all zones to a general zone in areas with underutilized land can unlock new opportunities for development and increase the supply of housing. By allowing for more flexible land use regulations and encouraging mixed-use developments, rezoning can facilitate the construction of residential properties in locations where there is a lack of housing options.
2. Dual Occupancy Residences on Single Titles: Building dual occupancy residences on single titles without the need for subdivision can maximize land utilization and create additional rental housing units. This approach allows for the construction of two dwellings on a single property, providing affordable rental options while minimizing the need for expensive land subdivision processes.
3. Expansion into Regional Towns: Targeting regional towns that are struggling to survive and have existing infrastructure in place can help address the rental shortage in underserved areas. By investing in housing developments in regional towns, planners can revitalize local economies, attract new residents, and create sustainable rental housing options for individuals and families.
4. Scraping Zoning Laws on Crown Allotments: Removing zoning laws that restrict building permits on Crown Allotments can unlock thousands of potential development sites and increase the availability of rental housing units. By streamlining the regulatory process and eliminating barriers to construction on Crown Allotments, planners can expedite the development of new rental properties and meet the growing demand for housing.
5. Streamlining Bureaucratic Processes: Simplifying bureaucratic processes related to land development, building permits, and approvals can accelerate the delivery of rental housing projects and reduce administrative burdens for developers and investors. By streamlining regulatory procedures, planners can promote efficiency, transparency, and innovation in the real estate development sector, ultimately increasing the supply of rental housing units.
In conclusion, addressing the rental shortage requires a strategic and collaborative approach that combines rezoning initiatives, innovative housing solutions, targeted investments in regional areas, regulatory reforms, and streamlined administrative processes. By implementing these solutions and processes, planners can effectively expand the supply of rental housing, improve housing affordability, and create vibrant and sustainable communities that meet the diverse needs of residents.
The information provided in this newsletter is for general guidance only and should not be considered professional advice.