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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

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

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter8: Market Failure
Section: Chapter Questions
Problem 4P
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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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