Every developer has opted to pay Montreal instead of building affordable housing, under new bylaw
https://sh.itjust.works/post/3330436
Every developer has opted to pay Montreal instead of building affordable housing, under new bylaw - sh.itjust.works
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.
Why do governments (not just Montreal) seem intent on creating affordable housing in very expensive areas? Surely the effective price of having that housing there could buy a lot more housing somewhere where housing is less expensive. So maybe this outcome is the best one? Perhaps (and I’m making these numbers up) a developer would rather pay a tax of $500,000 than add one unit of affordable housing, and then that $500,000 can be used to buy two units of affordable housing somewhere else where property is cheaper.
Becauae if you concentrate all your social housing in one “cheap” area, you end up with a ghetto
It doesn’t have to be concentrated in one area, it just has to be anywhere but the expensive city center.