If the city of Palo Alto wants to increase the percentage of affordable units required in new housing projects, it should look at reducing its requirements for parking spaces and retail space in those developments, a consultant said.
Without those changes, for-sale multi-family housing projects with 20% below-market-rate units would not be profitable enough to entice developers to build them, according to the consultant, Berkeley-based Strategic Economics.
Even multi-family projects …
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