Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 19/03/2020
Author Hannah Hoyt
Published By Harvard Joint Center for Housing Studies
Edited By Tabassum Rahmani
Uncategorized

U.S: DESIGN AND CONSTRUCTION STRATEGIES FOR MULTIFAMILY HOUSING COSTS

Demand for multifamily housing, especially affordable and middle-income rental housing, is rising as the nation continues to add new households. However, overall housing production remains below needed levels given household growth. Many new multifamily units are renting at prices that are prohibitive for middle- and low-income renters. The need for more affordable multifamily housing is clear, but developers, architects and contractors face rising construction and land costs as they build multifamily housing, developers, architects, contractors and policy makers described the challenges of increasing How can developers, architects and contractors address multifamily housing costs through design and construction decisions? multifamily housing production. They noted the need for significant policy changes, from more federal support for housing, to local zoning changes to encourage housing production and job training programs to address labor shortages in the trades. However, they also acknowledged the slow pace of these policy changes. In practice, multifamily project teams often face significant budget gaps, scrambling to reduce costs while still building quality housing.

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