Over the past few decades, developers grew accustomed to nothing but staunch opposition to dense affordable housing project proposals.
Within the past 10 years, though, in some areas such as California, Chicago, Seattle, and Portland, Ore., a new YIMBY (Yes, In My Backyard) movement has sprung up to support affordable housing development. In fact, some of these advocates, often wearing t-shirts and buttons inscribed with the YIMBY slogan, show up at public hearings and city council meetings to express their view.
Some of those embracing YIMBYism lobby state legislatures to enact pro-housing initiatives. With so many people struggling to find a home or pay rent, it is perhaps no surprise that this grassroots movement has emerged.
The new public support for even large high-rise projects is a welcome change for developers and may be improving the equation for construction of more housing for middle class and working class people.
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Samuel S. Unger, RA, MCR, SLCR, MBA, is the Americas Real Estate Leader for Ernst & Young, LLP, Atlanta. He also serves as president of the CoreNet Global Atlanta chapter. In addition to managing 6.8 million square feet of real estate in North and South America, his responsibilities include real estate strategy for area practices, management of external professional alliances, requirements definition, business case development and approval, real estate negotiation and lease development, and oversight of construction projects for the portfolio. He holds a bachelor’s degree from Harvard College, an MLA and MArch from the University of Pennsylvania, and an MBA from Temple University.
