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15 of 25 <br />Proposed Approach | Applicability <br />Applies To <br />Any project that obtains <br />project entitlements by <br />June 30, 2026, and obtains <br />building permits for vertical <br />construction of residential <br />development by June 30, <br />2027 <br />Projects Not Eligible <br />•Gatekeeper <br />•Development <br />Agreement <br />•Nonresidential