Increasing the Missing Middle Housing Types in Tampa Bay: A cooperative Risk Reduction Strategy

An underlying theme of risk, risk reduction, and capital emerged from qualitative research on the factors that affect the supply of the MMH types in urban core neighborhoods in Tampa Bay, Florida (Ojah Maharaj, 2018a). This theme emerged from interviews conducted with different stakeholders, leaders, and experts related to MMH types in the area. The research uncovered the core and underlying factors that inhibit the capital to solve the MMH types shortage (Ojah Maharaj, 2018a). It also identified factors that help increase the supply of MMH types in urban core neighborhoods (Ojah Maharaj, 2018a). The underlying theme led to the theory and model based on increasing risk attenuates capital flow and reducing risk encourages capital towards helping increase the supply of MMH types. A new solution-based strategy was developed to overcome barriers/risks to help increase the supply of Missing Middle Housing (MMH) types in urban core neighborhoods in the Tampa Bay area. This strategy would require the support of all the stakeholders—the small developers, practitioners, city officials, neighborhoods, and banks working together to reduce barriers/risk and encourage capital infusion. An initial Cooperative Alliance with all stakeholders to eliminate misconceptions and promote understanding and support for each other is paramount to the success of the proposed solution. The emergent Developers Alliance will help cultivate a cooperative environment working toward the goal of increasing MMH types in urban core neighborhoods in the Tampa Bay area.