In order to properly address the housing affordability crisis, the Texas Legislature must change zoning regulations to facilitate an increase in housing supply. Currently, the only people who can prevent changes in zoning regulations from occurring are property owners who own 20% of the potentially affected area.
Key points:
- The current threshold required to reject housing reforms allows for a few landed people to hold their neighbors hostage.
- The ease of rejecting zoning changes restricts the supply of housing.
- Restricting the supply of housing makes housing more expensive.