20-20-20: Montreal Sets New Goals for Inclusionary Zoning
"Starting in 2021, developers in Montreal will be required by law to set aside 20 per cent of new housing units for social housing, 20 per cent for affordable housing, and 10 to 20 per cent for family-size units, or pay the city compensation," according to an article by Marian Scott.
Unlike the city’s current housing strategy, in place since 2005, "the bylaw will apply to all new projects, not only ones that require a zoning change."
"Under the bylaw, developers will be required to sign an agreement with the city to help achieve housing goals in order to obtain a permit."
"Builders of residential projects with at least 50 units will be required to set aside up to 20 per cent of them for affordable housing, 20 per cent for non-profit housing, or pay compensation in land or cash," according to Scott.
The law is still in draft form, recently made publicly available after an 18-month process. Montreal Valerie Plante doesn't expect the new policy to be adopted until 2020.