Rents have been skyrocketing in recent years, but now a new survey of government officials, private developers, and owners say a big reason why more affordable units aren’t being added is because of not-in-my-backyard mindsets.
NIMBYism was by far the most common response when asked what were the most significant issues affecting multidevelopment in metros areas, according to a new study released by the National Apartment Association, “U.S. Barriers to Apartment Construction Index.” NIMBYism was followed by construction costs and land availability and land costs.
Albuquerque, N.M., was the city with the fewest barriers to construction of multifamily units, according to the survey, which factored in numerous barriers to development, such as NIMBYism, restrictive zoning, getting approvals, and labor and lot availability. Philadelphia, on the other hand, had the most barriers to apartment construction, the survey found.