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MLD- There is a maximum FAR that be bonused and, like I said, many if not most, developers gain that maximum without low-income housing. That's why the new IZ rules were written and that's why developers flooded the permits office just before it went into effect.

I think the better argument is that we've made a community decision we want a certain amount of low-income housing in every neighborhood's new developments no matter how expensive (economic diversity).

by Tom Coumaris on Dec 19, 2012 2:32 pm • linkreport

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