Delaware Business Magazine - November/December 2023

Page 38

Construction & Real Estate

An example of one of JLAM’s rental communities, the Oaks at Georgetown in Georgetown.

Embrace Variety

Creativity with future housing developments is required to solve the housing shortage BY DOUG MOTLEY CURRENTLY, Delaware has an 18,000-20,000-housing unit shortage while the United States faces a 3-7 million deficiency, depending on what source you read. The issue is compounded by continued growth in the U.S. population while also more and more people are falling in love with, and moving to, the charming First State. To address the pressing issue of the housing shortage, I believe it is crucial to consider and take action to influence both the supply side and demand side of the equation. One of the best aspects of the state is the ability for people to connect to make change happen—and we must in order to compete with other states and to take care of our residents. Here are a few of the key levers we can address to make an impact:

HOUSING VARIETY Delaware’s housing stock (particularly excluding Wilmington) primarily consists of single-family detached homes. While these homes meet the needs of many, there are large segments of the population that prefer—or require—a different type of housing. This preference could be driven 36

by accessibility, affordability, location, family size, services needed, or other factors. Encouraging and enabling the creation of a wider variety of housing types, including traditional apartments, cottages, attached townhomes/duplexes, garage apartments, and other ancillary dwellings would provide a broader set of options and price points for Delawareans to choose from while consuming less space.

ENABLING LEGISLATION AND ZONING There are multiple reasons why we don’t have more of these housing options today, but a significant one is the applicable land use code in each jurisdiction. If the existing zoning allows for lower density single family homes, a zoning change would be required to enable building these other housing types. Most developers will avoid the time and risk associated with a potential rezoning. Local elected officials that vote on these rezoning requests are often faced with a vocal minority opposing increased density (also known as the Not In My Back Yard, or NIMBY, pressures). Ironically, opposing density results in more sprawl, more of the same housing, and November/December 2023

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Articles inside

Message from the President

2min
page 4

Newsbites

9min
pages 58-60

The Right Balance in AI Governance

3min
page 56

Raising the Bar on Tech in Delaware

4min
pages 54-55

Investing Where We Live and Work

3min
page 52

Generative AI

3min
page 50

Delaware's Entrepreneurial Mindset

4min
page 48

Delaware is a Tech Hub

3min
page 46

The Next Era of Exploration is Here

3min
pages 44-45

How to Build a Thriving Small City

3min
pages 40-41

Embrace Variety

4min
pages 38-39

We Are All Connected to the Housing Crisis

3min
page 36

Continuing to Evolve

5min
pages 34-35

Delaware Voices & Data

4min
page 32

Making Affordable Housing a Priority

3min
page 31

Superstars in Business Winner: Belfint, Lyons & Shuman, P.A.

4min
pages 28-29

Superstars in Business Winner: Breakwater Accounting + Advisory

4min
pages 26-27

Superstars in Business Winner: NERDiT NOW

4min
pages 24-25

Superstars in Business Winner: Children's Beach House

4min
pages 22-23

Marvin S. Gilman Superstars in Business

3min
pages 20-21

Now is the Time for Tax Relief, Not an Increase

3min
page 15

Funding Success and Equity

3min
page 14

Message from the Chair

3min
page 13

How Delaware Will Benefit from Offshore Wind

3min
page 12

Ambassador Spotlight: Nadir Rasheed

3min
page 11

Diverse Supplier Spotlight: GGA Construction

2min
page 10

Committee Spotlight: Tax & Finance

2min
page 9

Nonprofit Spotlight: American Cancer Society

3min
pages 8-9

Business Spotlight: First Citizens Community Bank

3min
page 7

Legislative Priority: Reflecting on 2023

3min
pages 5-6
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