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17 <br /> Slide #28 <br /> Adding Homes Can Keep Costs Down for the <br /> Middle of the Market <br /> Median housing values as a multiple of median incomes,2022 Metropolitan areas that added <br /> O Metro areas with low housing values Metro areas with middle and high h—mg-1— more housing units between <br /> to <br /> 2000 and 2022 had lower <br /> housing costs by 2022, <br /> 8 meaning that the typical <br /> middle-class household was <br /> " much more likely to be able to <br /> gam" Mlaml <br /> afford buying a house. <br /> 4 <br /> 2 <br /> 04 20% 46% 60% 80% <br /> Change in housing units,2000 to 2020 <br /> U R B A N I N S i 1 7 U}R . Source:US Census 2000 and 2022;ACS 2020-24. 2b <br /> Slide #29 <br /> But Can We Be Sure That Zoning Reforms—and <br /> New Housing Supply—Target All Needs? <br /> The influence of zoning reforms is likely to vary! <br /> • Location: Reforms may enable construction in some neighborhoods, <br /> but not those where people most want to live. As such, those areas <br /> may continue to become more expensive. <br /> • Housing type and tenure: Reforms may intentionally encourage <br /> investment in multifamily, rental projects.That may not reduce costs <br /> for people in the market to buy single-family homes. <br /> • Affordability: If reforms are not associated with more investment in <br /> subsidized affordable housing, they may not help households with low <br /> incomes. <br /> u R e w x I N f i 1 f U I <br /> Commissioner McKee asked how the county can avoid driving out residents due to the <br /> taxes required for subsidies. <br /> Commissioner Portie-Ascott asked if filtering can help address housing needs. <br /> Yonah Freemark said filtering is made possible through the construction of substantially <br /> more housing units which make the existing market more affordable. He said this helps address <br /> the middle-income market. He said there are other policy decisions that should be considered. <br /> He said the low-income housing tax credit is key for people in the moderate-income range. He <br />