Waiving Development Fees to Spur Apartment Construction
One way to increase housing supply is to make it cheaper to building multi-family housing, like Toronto recently decided to do.
Developers will pay less in fees for the construction of new apartment buildings, in an effort o build more "purpose-built rental housing" in the city, according to Chris Fox.
The purpose-built rental is more commonly used in the United Kingdom and Canada than here in the United States, but it indicates the specificity of the development for rental, rather than for-sale as a condominium (a Daily Hive post from 2016 explains more).
The province of Ontario is also supplying $60 million in funding for rebates on projects, part of a $125 million program to spur development of purpose-built rental housing.
Published on Monday, October 1, 2018 in
Topics
- Who's to Blame for Gentrification? Planners, Apparently
- A 'Curious' New Report on Pedestrian Behavior in Public Spaces
- New Population Estimates Released Today; South and West Lead Population Growth
- The Best Kept—and Dirtiest—Secret About 5G
- What Was Lost When Streetcars Stopped Still Hasn't Been Found
- $1.5 Billion in BUILD Grants Funding for Transportation Projects Awarded
- Residents Left Behind as L.A. Stadium Project Surges Ahead
- The State of Micromobility
- The History of Alternative Suburbs
- Minneapolis Affordable Housing Practices Heading in a New Direction
- ADUs Offer Affordable Housing in California, but Challenges Persist
- 2019 Smart Cities Readiness Challenge Winners Announced
- Another Big City Announces Sweeping Energy Plans for Buildings
- California's Upzoning Bill, SB 50, Would Allow Apartment Construction in Wealthy Communities
- Dead on Arrival: Vision Zero Loses at the Phoenix City Council
- What Central Florida's Population Growth Reveals About U.S. Real Estate Trends
- Compare Transit Ridership in U.S. Cities
- Mapping the Political Ramifications of a Census Citizenship Question
- 2019 'Parking Madness' Shows How Much Has Changed
- The Fair Housing Act at 50
