27. lower rent
According to the 200 census, the Village of New Paltz has a .46% vacancy rate for rental housing. Studies have shown that a community needs at least a 5% vacancy rate to avoid inflation of housing prices. At a 5% rate, land-lords have to compete for tenants just enough that they maintain their properties better and keep prices reasonably low and affordable. Using development of high-density, mixed use neighborhoods, build enough new housing to establish a 5% vacancy rate.