W. K. Lis
Superstar
In other words, Not In My Neighbourhood!Doesn’t that mean that the buyers of the market value units are essentially paying a disproportionate amount of the city’s cost of affordable housing? Seems unfair.
In other words, Not In My Neighbourhood!Doesn’t that mean that the buyers of the market value units are essentially paying a disproportionate amount of the city’s cost of affordable housing? Seems unfair.
No, that’s your words. What I’m questioning is who should bear the cost of affordable housing? If a small condo of a hundred units is being built and costs say $25 million to build, and the builder needs to sell the units for a total of $50 million, or avg $500k per unit to recoup costs, pay financiers and make a profit. Now the city comes along and says to the developer you must allocate 25% of these units as affordable. If, for example the city demands that 25 of the 100 units be sold at cost, $250k, the missing $250k must be recouped by increasing the pricing to the remaining 75 market value units. If you bought one of these market value units you would have paid $500k for your own unit, plus thousands for someone else’s affordable unit.In other words, Not In My Neighbourhood!
Not Toronto, but just down the QEW.
A Hamilton city council committee voted against affordable housing on a parking lot. One of the "No" votes was from city councillor Ted McMeekin, the former Ontario Liberal Minister of Housing (!).
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- INthehammer | Local Online News
At stake is two city-owned parking lots comprising just over an acre in Stoney Creekwww.inthehammer.com
Andrea is thinking of using her ‘Strong MAyer’s’ powers to overturn this decision. If so, score one for Doug Ford.Some notes on the above:
1) This lost on an 8-8 tie.
2) This still goes to Council next week, so its not a done deal just yet.
3) There was a submitted petition to 'save' the parking........that gathered a whopping 1,300+ signatures, the Chamber of Commerce also came out against housing here.
4) It appears several other sites did get declared surplus and those are projected to result in 150 affordable units.
5) What could go here (conceptually):
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I'm not clear on what the argument really is for retaining the parking, when you do manage to get 1,300 signatures, there is a suggestion that there is demand...........
Of course, the parking, is apparently free.
While I hope this is reversed; in the alternative, I hope Hamilton moves to charge for the parking, which may reduce demand/enthusiasm for same.
Free parking also creates the problem that there is no way to justify putting any underground for legitimate demand when its free.
Yes
Go to the Application Information Centre, here: http://app.toronto.ca/AIC/index.do
Look up the application by search 25 Brightwood Street.
Click on application details; you will see the Letters of objection and can read them.
Not seeing a thread or DB entry for this project, but looks like this stalled out in 2022.Courtesy our own and the Globe and Mail's Alex Bozikovic, (from his Tweets) the proposed hospice and the site on which it will be located (if approved)
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Here’s one. The Finch Bodega at 42 Dewson (just west of Ossington) is having a serious problem with NIMBYs who are using the fact that the espresso machine in the business is causing so many ‘problems’ that they should have their licence revoked. Ongoing.