Yes, you are absolutely correct.  The city expects people to live upstairs (floors above the street, in sardine style housing projects), work downstairs (pouring coffee and making sandwiches, all minimum wage), and if you need to travel, you will be expected to walk, or ride a bicycle or transit.

Housing will become LESS affordable; especially with the city manager's ever increasing city storm and waste water fees, and more property tax levies to fund city services.  (The city uses the general fund to pay for pet projects, i.e. city hall, MUPTE, URD, etc., not services.) 

None of this can possible help the homeless problem.