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What Is Upzoning, and What Does It Mean for Investors?

By Benjamin Locke – Updated Sep 29, 2024 at 9:21PM

Key Points

  • Upzoning increases zoning density to allow multifamily units, boosting housing supply.
  • Areas like NoMa in Washington, D.C., saw tax revenue rise by $49M annually after upzoning in 2006.
  • Investors should understand local upzoning effects since they vary by execution and political will.
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