Overall, MetroFuture calls for urban municipalities to increase their housing stock by 19%. This increased housing stock would accommodate both decreasing household size as well as 330,000 new residents. The additional supply would help to temper housing price increases. 45,000 townhouses and 2- to 4-family homes would be built in urban communities; an additional 12,000 units would be created through accessory apartments, conversion of single-family to multifamily housing in appropriate locations, or adaptive reuse of warehouses or other nonresidential buildings. Overall production, including units in multifamily buildings, would include a balanced mix of 2- 3- and 4-bedroom units, so that there will be housing options for people at various stages of life. Fewer professional residents will move out of cities after they have children.

If Current Trends continue, the region’s urban communities would produce only 20,000 units in 2- to 4-family buildings or townhouses. Only 3,300 units would be created through accessory apartments or adaptive reuse.

Objectives:

• There will be 183,000 new housing units in the region’s urban municipalities.
• 25% of urban housing production will be in two- to four-family homes or townhouses.
• 6% of urban housing production will occur through accessory apartments, conversion of single-family housing to multifamily, or adaptive reuse.
• An increasing number of housing units in urban communities will have more than 2 bedrooms.