Quote:
Originally Posted by Festivus
Many major cities require new developments to include X% of units as affordable housing. Can you imagine Regina city council making a place like Gardens on Rose build 5-10 low-income units? I think it should happen, but I can't see our council doing it since it means way less profits for developers.
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Yes. and then there are some developers who are embracing it.
Obviously that element does not work for Regina because it would just be another hurdle for development within the urban core that most would just shake their head at and say no too. That being said there are ways to do it. It can include land swaps, it can include land disposition, it can include a more significant component and partnerships with Non-Profits and Private Investment
Westbank is just completing a project in Vancouver with 62 Market Unis and 80 Affordable Units. They have similar plans in Toronto.
Now I get my comments are a bit of a challenge because no one is and no one wants to build in downtown Regina...but it is completely possible if the right forces came together was more my point.