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Can We Fix Housing By Taxing Developers?
Inclusionary zoning doesn't mean cheaper housing, and almost certainly means the opposite for the average price. But it’s still worth doing (with a tweak).
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References & Sources
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[1] https://www.thisamericanlife.org/562/transcript
[2] https://krblaw.ca/will-the-coming-into-force-of-the-20-20-20-rule-be-postponed/
[3] https://www.dwpv.com/en/insights/publications/2019/montreal-publie-reglement-20-20-20
[4] https://www.dwpv.com/en/insights/publications/2019/montreal-publie-reglement-20-20-20
[5] https://www.canadianlawyermag.com/practice-areas/real-estate/montreals-20-20-20-housing-development-bylaw-comes-into-effect/355075
[6] https://montreal.ca/en/housing-contribution/ Super weird law, forced to sell a lot that could become 20% of the residential floor area of the project, for way below market. Or pay a very modest financial contribution?
One Square Phillips (Sector 1, 4671.3507m2, 843)
[7] https://www.washingtonpost.com/business/2021/09/15/food-inflation-faq/
[8] https://www.dwpv.com/en/insights/publications/2019/montreal-publie-reglement-20-20-20 The previous program “Strategy for the inclusion of affordable housing in new residential projects (Inclusion Strategy) adopted in 2005, it gave developers exceptions if they paid into these probrams
[9] http://ville.montreal.qc.ca/pls/portal/docs/page/habitation_fr/media/documents/inclusion_bilanstrategie2005-2018_sept2019_corrige.pdf “Avant 2017, la Ville de Montréal ne pouvait donc pas se doter d’un règlement de cette nature et devait compter sur un mécanisme volontaire. Le Règlement pour une métropole mixte, une fois en vigueur, mettra fin à cette situation en imposant un 3 cadre obligatoire”
[10] https://ouidansmacour.quebec/portraits-de-la-densification/les-nouveaux-batiments/l-esperluette/ “Ces deux projets ont été autorisés par le conseil d’arrondissement du Sud-Ouest en 2012 même s’ils dérogeaient à certaines règles de zonage [?] à travers le mécanisme de projet particulier (PPCMOI) [?]”
[11] https://www.canadianlawyermag.com/practice-areas/real-estate/montreals-20-20-20-housing-development-bylaw-comes-into-effect/355075
[12] https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2016-growing-middle-class/reporting-sale-your-principal-residence-individuals.html
[13] https://www.irs.gov/publications/p523
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