These changes can give our builders the tools necessary to construct appropriate housing for everyone who wants to call Anchorage home.
With a 3.2% vacancy rate and rent for two-bedroom units averaging more than $1,500 per month, Anchorage needs more housing choices, including one- and two-bedroom units, so that there is a home for everyone who wants to live here., which calls to make infill and redevelopment possible with a gentle nudge toward increased density, those units can fit comfortably in our urban neighborhoods. However, we must fix the barriers that functionally obstruct them in the first place.
We spent six months understanding that question. Alongside municipal staff and industry experts, we discovered the answer lies in the arbitrary standards imposed on small multifamily developments compared to single-family homes and duplexes. Our proposal also aims to align our existing zoning code with the 2040 plan goal to make infill and redevelopment possible with a gentle nudge toward density where it makes the most sense. For example, our proposal lowers the R-2M minimum lot size for small multifamily projects to 6,000 square feet, just like duplexes. In R-2M alone, this change activates 3,710 lots to be eligible for as many as four units.
The result of a six-month, meticulous, and measured process with expertise from municipal staff, commissioners, and private and nonprofit builders, AO 2023-103 is a targeted revision and a crucial step in addressing the housing crisis in Anchorage.
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