Parkdale Affordable Housing Forum Presentation

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Prersentation to Parkdale Community Forum on Province of Ontario Long Term Affordable Housing Strategy

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Parkdale Affordable Housing Forum Presentation

  1. 1. Presentation to Parkdale Housing Forum November 10, 2009 Brian Eng Community Action Specialist Wellesley Institute January 28, 2010
  2. 2. <ul><li>A set of municipal planning and housing programs and policies that require developers to make a portion of all new development affordable to households with low and moderate income. </li></ul>January 28, 2010
  3. 3. <ul><li>Affordable rental and home ownership opportunities for all integrated into every neighbourhood – no low-income ghettos. </li></ul><ul><li>No more NIMBY (Not In My Backyard) – affordable housing is a normal part of development. </li></ul><ul><li>Developers are engaged in creating affordable housing and their return on investment is respected. </li></ul><ul><li>People can afford to live in adequate housing near their workplace, and our children can afford to live in the cities and neighbourhoods where they grew up. </li></ul>January 28, 2010
  4. 4. <ul><li>Housing affordability is not just an issue for the poor </li></ul><ul><ul><li>Average household income for a family in Toronto - $45,000 </li></ul></ul><ul><ul><li>Household income required to purchase average new home - $60,000 </li></ul></ul><ul><ul><li>Household income required to rent average 2 bedroom apt. - $52,000 </li></ul></ul><ul><li>Developers benefit from community investments that make new development attractive </li></ul><ul><ul><li>Should return something to the community </li></ul></ul><ul><li>Helps to create vibrant diverse neighbourhoods </li></ul><ul><li>Part of the big tool box needed to create new affordable housing. </li></ul>January 28, 2010
  5. 5. <ul><li>Developers receive “cost offsets” to build affordable housing </li></ul><ul><ul><li>Reduced fees </li></ul></ul><ul><ul><li>Density bonusing </li></ul></ul><ul><ul><li>Fast track approvals </li></ul></ul><ul><li>Residents meet eligibility requirements </li></ul><ul><ul><li>Income </li></ul></ul><ul><ul><li>Household size </li></ul></ul><ul><li>Controls to maintain on-going affordability </li></ul>January 28, 2010
  6. 6. <ul><li>Home ownership development creates affordable home ownership </li></ul><ul><li>Rental development creates affordable rental </li></ul><ul><li>Affordability is related to income </li></ul>January 28, 2010
  7. 7. <ul><li>Based on successful US experience </li></ul><ul><ul><li>Developer contribution to affordable housing is mandatory </li></ul></ul><ul><ul><li>Type of contribution is negotiable </li></ul></ul><ul><ul><ul><li>New units </li></ul></ul></ul><ul><ul><ul><li>Money and/or land </li></ul></ul></ul><ul><ul><li>Affordability is defined according to income </li></ul></ul><ul><ul><li>Controls to maintain on-going affordability </li></ul></ul>January 28, 2010
  8. 8. <ul><li>Communities where there is growth in housing </li></ul><ul><li>Communities that have proper social infrastructure </li></ul><ul><ul><li>Schools </li></ul></ul><ul><ul><li>Recreation facilities </li></ul></ul><ul><ul><li>Good transit systems </li></ul></ul><ul><li>Works in small communities as well as big ones </li></ul>January 28, 2010
  9. 9. <ul><li>Working class households </li></ul><ul><ul><li>Often referred to as “workforce housing” </li></ul></ul><ul><li>Households with moderate fixed incomes </li></ul><ul><ul><li>Seniors </li></ul></ul><ul><ul><li>People with disabilities </li></ul></ul>January 28, 2010
  10. 10. <ul><li>Limited capacity to assist people on welfare or with extremely low income </li></ul><ul><ul><li>Reduce income requirements for some units </li></ul></ul><ul><ul><li>Non-profit housing providers can become owners/renters of affordable units </li></ul></ul><ul><ul><li>Developers can contribute money to municipal Rent-Geared-to-Income pool </li></ul></ul>January 28, 2010
  11. 11. <ul><li>Province needs to give municipalities authority to create Inclusionary Housing programs </li></ul><ul><ul><li>Bill 198 passed second reading </li></ul></ul><ul><li>Municipalities need to start working on Inclusionary Housing programs </li></ul><ul><ul><li>Housing Opportunities Toronto </li></ul></ul><ul><ul><li>Ottawa moving forward </li></ul></ul>January 28, 2010
  12. 12. <ul><li>The Inclusionary Housing Working Group </li></ul><ul><ul><li>Contact </li></ul></ul><ul><ul><ul><li>Brian Eng </li></ul></ul></ul><ul><ul><ul><li>Phone: 416-972-1010 ext 230 </li></ul></ul></ul><ul><ul><ul><li>[email_address] </li></ul></ul></ul><ul><ul><li>www.inclusionaryhousing.ca </li></ul></ul>January 28, 2010

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