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City could provide developers incentives for building affordable housing

CHARLOTTE, N.C. — Developers building near the light rail could receive incentives for building affordable housing.

The Charlotte City Council is discussing zoning changes that would allow developers to build taller buildings in exchange for a commitment of affordable housing units.

[SPECIAL SECTION: Affordable Housing Crisis]

The city may also allow developers to pay a fee for the housing trust fund per additional square foot or donate land to get perks. The City Council will hold a public hearing on the changes in the coming weeks.

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