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28 <br /> HOUSING IN ORANGE COUNTY <br /> How Might Zoning Reform Affect. .. Direct <br /> Investment in Affordable Housing? <br /> • Affordable housing projects need an accommodating land-use <br /> environment to be feasible, because they typically need to be efficient <br /> in their land utilization. <br /> • Moreover, most feasible subsidized affordable housing projects—like <br /> those supported by the Low Income Housing Tax Credit (LIHTC) <br /> projects—can only be built affordably as multifamily complexes. <br /> I N S T I T U T 1 <br />