this post was submitted on 21 Aug 2023
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Every developer has opted to pay Montreal instead of building affordable housing, under new bylaw (www.cbc.ca)
submitted 2 years ago by girlfreddy to c/[email protected]
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.

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[–] [email protected] 36 points 2 years ago (6 children)

From the article: "Those fees have so far amounted to a total of $24.5 million — not enough to develop a single social housing project, according to housing experts."

I don't know about construction costs in Canada, but in many cities in the United States, 24 million dollars could renovate at least 120 homes, assuming a cost of $200,000 per renovation. Renovation is more expensive than building new. You could easily build 240 modest homes on undeveloped land with 24 million dollars.

I've left them half a million for administrative costs.

[–] Afrazzle 19 points 2 years ago

Montreal is a relatively big city, there's not much undeveloped land just sitting around there.

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