Northern Light
Superstar
Report to next week's Planning and Housing Ctte recommends moving forward with a consultation on an Inclusionary Housing by-law.
It recommends a general requirement of 3-10% of gross floor area in residential development be required to be affordable housing, the number for purpose-built-rental being lower than condo proposals.
Report here: https://www.toronto.ca/legdocs/mmis/2020/ph/bgrd/backgroundfile-156401.pdf
Draft Zoning by-law here: https://www.toronto.ca/legdocs/mmis/2020/ph/bgrd/backgroundfile-156402.pdf
And here: https://www.toronto.ca/legdocs/mmis/2020/ph/bgrd/backgroundfile-156403.pdf
From the above:
"13. To increase the supply of affordable housing for low to moderate income households, continue to support a diverse range of housing supply and support the development of more inclusive and equitable communities, new development containing residential units and subject to an inclusionary zoning by-law, outlined in Section 5.1.8 of this Plan, will not be approved unless:
a)for development that is located in a strong market area identified on Map 37:
i.if a condominium development is proposed, a minimum of 10% of the totalnew residential gross floor area shall be secured as affordable ownershiphousing or affordable rental housing; or
ii.if a purpose-built rental development is proposed, a minimum of 5% of thetotal new residential gross floor area shall be secured as affordable rentalhousing;
b)for development that is located in a moderate market area identified on Map 37:
i.if a condominium development is proposed, a minimum of 5% of the totalnew residential gross floor area shall be secured as affordable ownershiphousing or affordable rental housing; or
ii.if a purpose-built rental development is proposed, a minimum of 3% of thetotal new residential gross floor area shall be secured as affordable rentalhousing;
c)the affordable housing shall be secured at affordable rents or affordableownership prices, with at least 10% of the residential gross floor area required inPolicy 3.2.1.13 a) and b) secured at 80% of affordable rents where affordablerental housing is provided, for a period of at least 99 years f rom the date of firstresidential occupancy of the unit; and
d)the unit mix of the affordable housing reflects the market component of thedevelopment, as appropriate, t o achieve a balanced mix of unit types and sizesand support the creation of affordable housing suitable for families
It recommends a general requirement of 3-10% of gross floor area in residential development be required to be affordable housing, the number for purpose-built-rental being lower than condo proposals.
Report here: https://www.toronto.ca/legdocs/mmis/2020/ph/bgrd/backgroundfile-156401.pdf
Draft Zoning by-law here: https://www.toronto.ca/legdocs/mmis/2020/ph/bgrd/backgroundfile-156402.pdf
And here: https://www.toronto.ca/legdocs/mmis/2020/ph/bgrd/backgroundfile-156403.pdf
From the above:
"13. To increase the supply of affordable housing for low to moderate income households, continue to support a diverse range of housing supply and support the development of more inclusive and equitable communities, new development containing residential units and subject to an inclusionary zoning by-law, outlined in Section 5.1.8 of this Plan, will not be approved unless:
a)for development that is located in a strong market area identified on Map 37:
i.if a condominium development is proposed, a minimum of 10% of the totalnew residential gross floor area shall be secured as affordable ownershiphousing or affordable rental housing; or
ii.if a purpose-built rental development is proposed, a minimum of 5% of thetotal new residential gross floor area shall be secured as affordable rentalhousing;
b)for development that is located in a moderate market area identified on Map 37:
i.if a condominium development is proposed, a minimum of 5% of the totalnew residential gross floor area shall be secured as affordable ownershiphousing or affordable rental housing; or
ii.if a purpose-built rental development is proposed, a minimum of 3% of thetotal new residential gross floor area shall be secured as affordable rentalhousing;
c)the affordable housing shall be secured at affordable rents or affordableownership prices, with at least 10% of the residential gross floor area required inPolicy 3.2.1.13 a) and b) secured at 80% of affordable rents where affordablerental housing is provided, for a period of at least 99 years f rom the date of firstresidential occupancy of the unit; and
d)the unit mix of the affordable housing reflects the market component of thedevelopment, as appropriate, t o achieve a balanced mix of unit types and sizesand support the creation of affordable housing suitable for families