Addressing the nationwide housing crisis

A new bill signed by Gov. Josh Stein eliminates mandatory parking minimums for most new developments, giving builders more flexibility in deciding how many parking spaces to provide. For decades, local governments could require developers to build a minimum number of parking spaces based on the size and type of a project. Beginning Jan. 1, that decision will largely be left to developers and market demand.
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Interesting paper about the negative impact of inclusionary zoning in California where they banned IZ in 2009 and then reactivated all previously existing IZ in 2017:

From the abstract:
I estimate the effect of inclusionary zoning using novel administrative data covering all cities and counties in California. I leverage a statewide change in preempting law for identification, performing a difference-in-difference around an exogenous reactivation of local inclusionary ordinances. I find the typical inclusionary zoning ordinance reduces annual new residential construction by nearly a third (31.8%). [...] I estimate the cost of generating an affordable unit with inclusionary zoning to be approximately $800,000 in “excess rents” paid by market rate renters as a result of the policy’s constraint on supply. This exceeds the cost of directly incentivizing the creation of low-income housing in California through existing programs like LIHTC.
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More units built during the time when IZ was unenforceable and fewer when it was active, no surprise.
 
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