Saturday, December 01, 2007

Neil Waugh On Affordable Housing

"Developers packed a public hearing and told the council Pollyannas their "affordable" housing strategy is a no-go. Especially if they expect them to commit 5% of every project to multi-family projects where rent, presumably, would be capped.

The same seriously flawed policy has already encountered stormy seas when property owners learned the pleasant school space in their neighbourhoods will now be jammed with low-rent condos.

Edmonton Urban Development Institute director Michael Mooney said some developers might play along, but only if council slashes taxes or shrinks the size of arterial roads so developers can bring on more lots.

And now the whole mess is going back to city hall's long-suffering bureaucrats for an overhaul." Read Article Here

1 comment:

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