Georgetown is trying to tackle the housing affordability crisis by reviewing its zoning laws. They're considering changes to building regulations and neighborhood rules to make housing more accessible.
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Declining — being discussed less frequently. 0 mentions in the last 30 days, 1 the 60 before, 1 the 90 before that.
This could mean lower housing costs for residents, but might also impact property values depending on the changes.
The developer may benefit from catering to a specific market segment. Future residents seeking age-restricted housing would benefit from more options.
Some council members expressed concern that a higher percentage of age-restricted housing could limit overall housing diversity and accessibility for younger families.
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The developer is requesting to increase the percentage of age-restricted housing in the new development to 35%, significantly exceeding the city's current policy of 10%. This raises questions about housing diversity and the city's goals for accommodating different demographics.