The mayor of this New York City suburb says building apartments on parking lots is keeping rents down

The mayor of this New York City suburb says building apartments on parking lots is keeping rents down

New Rochelle, New York, a 40-minute train ride from Midtown Manhattan, has focused its housing construction in areas near transit.Spencer Platt/Getty ImagesNew Rochelle has built lots of new homes by streamlining regulations.Mayor Yadira Ramos-Herbert said one key solution is building homes on underutilized lots near transit.New Rochelle's success offers a model for communities looking to rein in housing costs.In a year full of abundance discour…

The mayor of a New York City suburb says building apartments on parking lots near train and bus stations is a key to reining in rent

New Rochelle, New York, a 40-minute train ride from Midtown Manhattan, has focused its housing construction in areas near transit. Spencer Platt/Getty Images New Rochelle has built lots of new homes by streamlining regulations. Mayor Yadira Ramos-Herbert said one key solution is building homes on…