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lower of cost or market

Mooney Starr So I am reading the City's 219 page report on how how to end homelessness and found this part that i thought would interests you:

"Further study into reducing or removing parking minimums for affordable and homeless housing profiles, where residents own cars at much lower rates than lower of cost or market-rate housing, could lower the
cost of affordable and homeless housing development and ensure efficient use of space for areas where more residential density is needed. Additional density can be thoughtfully pursued, even in coastal areas under the oversight of the State of California."

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