Quote:
Originally Posted by HomeInMyShoes
Damn. Too bad it's a cheap timber walkup, that is one fine lot for a better option. Some shadowing concerns for the park, but the rest seems like a no-brainer to me.
When is the city going to look at amending their zoning bylaws to include needed provisions for affordable housing?
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Are you suggesting that they force developers to include affardable housing in their projects? I know this has been tried elsewhere, but it has the potential to reduce the supply of downtown housing inadvertently, by making it more expensive to build downtown. This could eventually lead to further shortages and higher rents.
This looks like a modest project that should slightly relieve pressure on downtown rent increases, so it should be a good thing in that respect and I can see why the Planning Commision is approving.
Right now, I believe the City's strategy is based on the 5 year tax holiday for new rental apartments and downtown owner-occ housing. There are existing federal and provincial programs to subsidize low income housing. We will see if this strategy works.