Local Real Estate Development Digest | Illinois Digest

Developers’ Guide to Notable Zoning Changes in Housing Development

Over the past two years, dramatic shifts or planned changes to zoning laws or regulatory environments have made it easier to build housing, the largest commercial real estate asset class. Housing shortages are driving the shift; lack of affordable housing in high-demand, job rich areas is driving up rents, pricing out essential workers, and exacerbating the homelessness crisis. Legislators across the country are looking to address the issue and boost housing production by cutting zoning and...