It is called "rent seeking:" the use of politics to increase wealth. In this case, it is using politics in various forms to limit the supply of housing stock.

It is called "rent seeking:" the use of politics to increase wealth. In this case, it is using politics in various forms to limit the supply of housing stock. "rent seeking" harms the economy. Perhaps passing "affordable housing" legislation at the state level would help. State law would override city law.