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Planet Money
How to fix a housing shortage
Aug 30, 2024
Cody Fischer, an aspiring real estate developer from Minneapolis, shares his vision of creating affordable, energy-efficient apartments. He discusses the ambitious 2019 housing plan aimed at tackling the city’s housing shortage. Despite initial approvals, Cody encounters challenges, including local resistance and the growing tension between NIMBYism and YIMBYism. The conversation delves into innovative solutions, the 'missing middle' housing concept, and how Minneapolis's strategies may influence national urban housing policies.
23:29
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Quick takeaways
- Cody Fisher's development initiatives highlight the critical importance of increasing housing density to combat the ongoing housing shortage in urban areas.
- The Minneapolis 2040 plan exemplifies a progressive approach to housing policy, yet it faces challenges from local opposition and environmental concerns.
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Cody Fisher's Mission
Cody Fisher, a real estate developer, aims to address the pressing housing shortage by focusing on building energy-efficient, carbon-smart housing. He founded Footprint Development to create what is known as 'missing middle housing,' which refers to small to mid-size apartment buildings that are currently lacking in many North American cities. His latest project involves replacing a single yellow house at a prominent intersection in Minneapolis with a four-story, 32-unit mixed-use building, consisting of studios and one- and two-bedroom apartments. By increasing density on this prime lot, he hopes to provide more housing options for residents in a city that has recognized the need for such developments through ambitious housing policies.
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