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Chartline is honored to partner with Discover to invest in companies leveraging new financial technologies to improve the lives of low- and moderate-income people, communities, and small businesses.”
It would allow developers to bypass local zoning code if 20% of the units in the project are designated affordable housing or 100% are moderate-income housing.
Source: https://abc7.com/huntington-beach-affordable-housing-zoning-local-control/12815979/
They “constitute a significant proportion of the low- and moderate-income housing in the city,” according to a staff report.