CenterState CEO Shares Insight On Bottlenecks In the Housing Market

CenterState CEO's Director of Research and Planning Jared Shepard recently spoke to Central Current about the challenges Central New York's housing market currently faces and possible solutions going forward. The article features many of CenterState CEO's partners across the housing ecosystem and highlights three different aspects of housing construction: zoning, financing and permitting. 

Ultimately, when faced with the question of whether the region can meet its housing demands and solve its issues of housing affordability, the group of developers and experts interviewed by Central Current showed optimism. Shepard said community members and their elected representatives will have to show more disposition, and adopt a “YIMBY” or “yes, in my backyard,” mentality to allow for more housing density to be built.  

Shepard believes the political will exists to solve these problems in part because the “pressure from the market” will help push along housing, he said.