More density does not guarantee a project pencils out.

The pro forma shows small return differences across affordability rules at maximum allowed density.

FROM THE PAPERFigure 2 · Return on cost at maximum density

Source: Terner Center (2020) · Figure 2; PDF p. 4

Keep in mind: This is one Oakland-area pro forma, not observed production; financing assumptions can change feasibility.

Share the evidence

The pro forma shows small return differences across affordability rules at maximum allowed density.

Source: Terner Center (2020)
Figure: Figure 2 · Return on cost at maximum density · Figure 2; PDF p. 4
Keep in mind: This is one Oakland-area pro forma, not observed production; financing assumptions can change feasibility.

Too many people are chasing too few homes. See why—and what communities can do about it.