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Bob is right, We are giving very substantial tax breaks (with the 12 year Multifamily Tax Exemption, reduction of impact fees for parks, schools and transportation, and 50% reduction in some utility fees). All of this will be shifted on to property owners. Providing housing that is 80% of the Average Median Income for the County is not that affordable. Many people need housing that is below 50% of the AMI to be truly affordable. We are giving up a lot for not that much.

From: Affordable housing project at 505 Union Avenue Olympia looks at lowering expenses

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