New rules have been approved to encourage affordable housing. Developers building near future transit stations must include affordable housing in their projects. This change affects a citywide…
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New rules have been approved to encourage affordable housing. Developers building near future transit stations must include affordable housing in their projects. This change affects a citywide program that allows for larger projects in exchange for community benefits.
The program typically permits developers to build bigger than normally allowed. In some areas, developers can opt to pay into a trust fund instead of including affordable housing. Further details about the new rules and the citywide program are available from the source.
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