The Province has introduced legislation that will substantially change the framework used by local governments to pay for infrastructure and community amenities related to new development. The legislation is largely in alignment with UBCM resolutions and policy, but also creates a funding gap for affordable housing.
Bill 46: Housing Statutes (Development Financing) Amendment Act expands the list of what development cost charges can be spent on, and establishes a legislative framework for community amenity contributions—something local governments have been asking for. However, the legislation also removes the ability for local governments to continue funding affordable housing through community amenity contributions.
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