How can a community encourage private investment in low- and moderate-income housing? Restrict development of a tract of land to single-family homes Lower the property tax rate Create land-use controls that permit less expensive housing types Reduce the number of regulations that developers must abide by Encourage commercial development to create a need for housing for workers

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
Problem 11RQ: Why might private markets tend to provide too few incentives for the development of new technology?
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How can a community encourage private investment in low- and
moderate-income housing?
Restrict development of a tract of land to single-family
homes
Lower the property tax rate
Create land-use controls that permit less expensive
housing types
Reduce the number of regulations that developers must
abide by
Encourage commercial development to create a need for
housing for workers
Transcribed Image Text:How can a community encourage private investment in low- and moderate-income housing? Restrict development of a tract of land to single-family homes Lower the property tax rate Create land-use controls that permit less expensive housing types Reduce the number of regulations that developers must abide by Encourage commercial development to create a need for housing for workers
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