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Link to originalintroduced an initiative to nudge private developers to build between 7,500 and 10,000 affordable homes in gentrifying areas by 2024.
The initiative waived development fees and taxes for projects that committed to selling a third of the units built below market prices. It also fast-tracked permit approvals and directed public investment toward neighborhood infrastructure upgrades.
But the program underperformed. By the end of 2024, just 253 affordable units had been approved