296
Every developer has opted to pay Montreal instead of building affordable housing, under new bylaw (www.cbc.ca)
submitted 2 years ago by to c/canada@lemmy.ca
75 comments fedilink hide all child comments
 

Two years after Valérie Plante's administration said a new housing bylaw would lead to the construction of 600 new social housing units per year, the city hasn't seen a single one.

The Bylaw for a Diverse Metropolis forces developers to include social, family and, in some places, affordable housing units to any new projects larger than 4,843 square feet.

If they don't, they must pay a fine or hand over land, buildings or individual units for the city to turn into affordable or social housing.

you are viewing a single comment's thread
view the rest of the comments
[–] 5 points 2 years ago*

I'm sure there's a high enough fine that would make it more financially advantageous to build social housing, but there's also the problem of these developers be willing to take a hit on their very hefty profit margins if that means maintaining a "brand", so I'd wager policymakers underestimated the effective fine value by a factor of 10 at least.

  • permalink
  • fedilink
  • source
  • parent