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36 <br /> HOUSING IN ORANGE COUNTY <br /> But Can We Be Sure That Zoning Reforms—and <br /> New Housing Supply—Target All Needs? <br /> The influence of zoning reforms is likely to vary! <br /> • Location: Reforms may enable construction in some neighborhoods, <br /> but not those where people most want to live. As such, those areas <br /> may continue to become more expensive. <br /> • Housing type and tenure: Reforms may intentionally encourage <br /> investment in multifamily, rental projects. That may not reduce costs <br /> for people in the market to buy single-family homes. <br /> • Affordability: If reforms are not associated with more investment in <br /> subsidized affordable housing, they may not help households with low <br /> incomes. <br /> I N S T I T U T E <br />