‘At current payment levels, the CityFHEPS voucher falls close to $500 below fair market rent, leaving thousands of voucher holders competing with each other for the one or two units available on the market at that price range.’
The rezoning could lead to a total increase of an estimated 3,200 housing units, including 600 to 900 affordable units, plus an additional 3,181 residents over a 10-year period, according to a key document released this week.
The City Council allowed the charge to help struggling businesses cover costs. But owners fear steeper charges might drive away customers.
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