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John Hyjer John Hyjer says the new apartments will remain at the below-market rate for at least 55 years.

MOUNTAIN VIEW, CA—Much has been discussed about the inverse proportion of housing compared to Silicon Valley job growth, with numerous studies to back those assertions. As part of its effort to find solutions at its existing communities, Equity Residential recently submitted plans to the city to add 200-plus apartments to its Reserve at Mountain View Apartments, including the addition of 25 below-market rate residences. Currently, the community has no below-market rate units among its 180, one- and two-bedroom apartments.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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