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
- A Good Read for Planners and Peers: Why Old Places Matter
- Biking and Walking Have Lost Momentum
- No, Traffic Congestion Does Not Really Cost Every American $1,348 Annually
- Daniel Burnham: Appearing Soon on Television Screens
- A Case for Giving Midsized Metro Areas More Attention
- Amazon Calls the Whole New York Thing Off
- California's Commitment to Density Depends on Commitment to Common Destiny
- Gov. Gavin Newsom to Dramatically Downsize High-Speed Rail Project
- Needed: Better Data on Local Zoning Regulations
- Friday Funny: Pity the Fool Who Doesn't Yield to a Law-Abiding Pedestrian
- Environmental Assessment for I-5 Improvement Project in Portland Promises Air, Traffic, Safety Benefits
- How to Treat Nature Deficit Disorder in L.A. Without Getting on a Freeway
- Development, Population Growth Reshaping Downtown Minneapolis
- Post-Mortem: Why Amazon Canceled the Queens HQ2
- Another Approach to Affordable Housing
- 14 Potential Locations for a New Bridge Across the Chesapeake Bay
- Making Historic Preservation a Local Concern
- More Fallout From Downsizing California High-Speed Rail
- Who Has Access to NYC Subways?
- Survey Examines the Changing Habits of the American Transit Rider
