Real estate risk has become increasingly path‑dependent on local regulation, administrative capacity, and neighborhood politics. In many U.S. and global markets, the decisive constraints on project viability are no longer just construction costs or capital markets, but zoning rules, permitting bottlenecks, and NIMBY (“Not In My Back Yard”) opposition. Yet the underlying data – parcel‑level zoning, building permits, planning commission agendas, public comments, and local media narratives – are scattered across thousands of municipal websites, PDF scans, and meeting videos.