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Implementation Program 1: To continue to regulate <br />the location of housing alld thereby p~omote "in- <br />filling" through the application of the growth <br />management program. <br /> <br />One of the most effective ways to encour~ge in-f'i].ling in the <br />City's experience has been to provide that greater' consideration <br />be given to in-flll projects under the ~rowt. h management program. <br />In today's highly regulated ]o~'~al housing market such a policy <br />may lower tn~blJc costa, ~'e]at~d to a prJvaLe project but it should <br />be recognized that the value of in-fi]_l residential land will <br />rise relative to the value of out~.yin~ "undeve]opable" areas <br />thus incr~asing the private costs of development, <br /> <br /> Policy 3 <br /> <br /> ..,to identi[y a~,~] reserve slll~db]e sites <br /> <br /> for subsidized ]owe~~ income housing. <br /> <br />In concert, wi th a landbanking program (see Subgoal i) the desig- <br />natioll and reservat.{on of suitable sites flor subsidized housing <br />is critical to the su{cess of the housing <br /> <br /> <br />