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Itsmoney05 t1_jdbypu2 wrote

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.

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Miles_vel_Day t1_jdcn2sd wrote

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

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