Breaking Free: The Impact of Burdensome Regulations on Housing Affordability and Accessibility

Introduction Burdensome regulations on housing construction have contributed to the skyrocketing costs and limited supply in the housing market. These regulations, including minimum lot sizes, setback requirements, square footage minimums, floor-area ratio restrictions, height restrictions, parking requirements, and abuse of environmental reviews, have all worked together to impede the construction of new housing units. The result is a significant housing crisis that affects young people’s ability to find affordable rentals. While some argue that regulations are necessary for safety and quality of life, it is vital to acknowledge the detrimental impact they have on housing affordability and accessibility.