Not so well, according to Dr. Carol Becker. Here’s a photo excerpt from The failure of the Minneapolis 2040 plan to boost housing:

Although it is fair to keep in mind, or rather it is essential, to keep in mind that many other factors could contribute to the drop off in new housing permits in the city. If you can think back to the last time you made a housing decision, what were the core attributes of your new place to live? Perhaps safety. Crime is up in the city. What else? Perhaps schools. School performance and attendance rates are down. Perhaps proximity to work. Many employment situations went with a remote model, leaving the downtown core empty, reducing the premium to be close-in.
There are many variables that contribute to or detract from the desirability of living situations. Zoning has an impact, but it is way down the list of the core features that impact people’s daily lives.