Jason buys a large vacant lot in a predominantly residential neighborhood. He wants to build a building on the land, which will give him the largest return on investment. He figures a large high-rise office building will do the trick. Why would Jason most likely not be able to build a high-rise office building on his property? The local zonink laws will not permit a high- rise office building in a residential neighborhood HUD does not permit commercial buildings in residential neighborhoods. The Department of Health will not permit such a building in a residential neighborhood. Real estate developers can no longer build high-rise office buildings.
Jason buys a large vacant lot in a predominantly residential neighborhood. He wants to build a building on the land, which will give him the largest return on investment. He figures a large high-rise office building will do the trick. Why would Jason most likely not be able to build a high-rise office building on his property? The local zonink laws will not permit a high- rise office building in a residential neighborhood HUD does not permit commercial buildings in residential neighborhoods. The Department of Health will not permit such a building in a residential neighborhood. Real estate developers can no longer build high-rise office buildings.
Chapter9: Obtaining Affordable Housing
Section: Chapter Questions
Problem 5FPC
Related questions
Question
Transcribed Image Text:Jason buys a large vacant lot in a predominantly
residential neighborhood. He wants to build a
building on the land, which will give him the
largest return on investment. He figures a large
high-rise office building will do the trick. Why
would Jason most likely not be able to build a
high-rise office building on his property?
The local zonink laws will not permit a high-
rise office building in a residential
neighborhood
HUD does not permit commercial buildings
in residential neighborhoods.
The Department of Health will not permit
such a building in a residential
neighborhood.
Real estate developers can no longer build
high-rise office buildings.
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