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 1 year ago by [email protected] to c/[email protected]
64 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] 3 points 1 year ago (2 children)

It's Montreal, not Ice Station Zebra. $24m Canadian isn't enough to build warm housing of any size?

[–] [email protected] 10 points 1 year ago

Of course you could trivially build a single house for that price (The solution to the housing crisis isn't lots of single family homes, its high density housing). But land is expensive and construction costs are high, 240 houses is waaaay overshooting.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago)

It’s split between multiple developers and you wouldn’t get 600 units out of that total

It’s especially not worth it for them when you are wasting hours in the day working on that versus working on homes you can sell for over a million