The Terner Center for Housing Innovation at the University of California, Berkeley, has launched a series of online calculators that will help identify the most effective combinations of policies that can get more housing built, says ARCHITECT contributor Nate Berg. The Housing Development Dashboard emerges as the San Francisco Bay Area is in the midst of a housing crisis, with expensive real estate and increased demand for housing.
The platform estimates the probability of a project being built based on the local land-use policies and economic conditions. It also takes into consideration other variables such as construction costs, rents, and desired ROI.
Terner Center director Carol Galante says decision makers don’t have easy access to this kind of information right now “without spending a million dollars on a feasibility study on what would happen if they increased their impact fees by X percent.” Developers and architects will also find the dashboard useful. Galante says it can be a good early assessment tool to get a broad picture of what type of development is likely to happen and where new opportunities for building may arise.
Galante says the tool is still in beta mode, and going forward, she hopes to grow the dashboard’s reach beyond the Bay Area.