Request #

IR-24-08

What would be the potential dollar impact if we were to change development fee policies in the following way: That municipal fees paid by registered non-profit organizations for the purpose of developing near-market or below-market rental housing units are returned to the non-profit in question once the units are open for rental. For mixed-use properties, that the rebate is proportional to the split between market/commercial space and near/below-market residential space (specifically looking at what the dollar value would be for 22 St. Thomas Street).

Requested by Fmr. Councillor Joly on May 14, 2024

Administrative Response

The following backgrounder report was prepared by Planning & Development for Council's review.

• Administrative Report

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