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Growth vs. shrinking | young vs. old | urban vs. suburban | historic preservation vs. limited building regulation. Even though the Office of Planning made a reasonable proposal which would only increase height by 25% (I think it could have been higher), the City Council did not vote in favor of considering a change.
Rather than adamantly saying "no," I came to realize that since advocates mostly lose out on such initiatives--except if the city or state requires a public vote--we should be focusing on mitigating the problems from such facilities and increasing the benefits. I and many activists were against public funding, but it happened anyway.
F&F each need to have a level of capital [4] that meets or exceeds the requirements set by their regulator, the FHFA, to ensure safe and sound operations. [5] It did this by agreeing to vote its shares exactly pro rata with the votes of publicly-owned shares, except for a few core governance items.
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