Itsmoney05 t1_jdbypu2 wrote on March 23, 2023 at 8:56 AM

Reply to comment by Miles_vel_Day in Toll Brothers and Harris Realty Announce Joint Venture to Develop 393-Unit Luxury Rental Community in Norwalk by jr_reddit

Tax break? It's called incusionary zoning. Requires developers to deem 10% of building as affordable housing. Otherwise they can pay the city a fee so the city can invest in affordable housing as they please, give it to nonprofits, etc.

Miles_vel_Day t1_jdcn2sd wrote on March 23, 2023 at 1:21 PM

Thanks for the explanation, certainly more specific than my "whatever."