WHEREAS The Provincial Policy Statement already states that “Planning authorities shall provide for an appropriate range and mix of housing options and densities to meet projected market-based and affordable housing needs of current and future residents of the regional market area by:
(a) establishing and implementing minimum targets for the provision of housing which is affordable to low- and moderate-income households and which aligns with applicable housing and homelessness plans”, and
WHEREAS Part III of the Planning Act requires that an official plan of a municipality “shall contain policies that authorize inclusionary zoning by,
(a) authorizing the inclusion of affordable housing units within buildings or projects containing other residential units; and
(b) providing for the affordable housing units to be maintained as affordable housing units over time”, and
WHEREAS The Town’s Official Plan does not meet the requirements of Part III of the Planning Act of Ontario, and the Town has yet to introduce a development planning permit system as contemplated in the Act,
THEREFORE, as part of, or if needed in advance of any recommendations for changes to the Town’s Official Plan, Council directs staff to report back to Council on:
- The timing and details on the establishment of a Development Permit Planning System for the Town, and
- The addition to the Town’s Official Plan a definition for an “Attainability Threshold” essentially as follows:
(a) In the case of ownership units, less that 80% of the averaged assessed value of a single family unit within the municipality, as determined by MPAC, and
(b) In the case of a rental unit, less than 80% of the average rent reported by the CMHC in its rental Rental Market Survey for the municipality.
- The addition to the Town’s Official Plan a definition for an “Attainability Quota Limits” that makes it mandatory that all proposed developments of more than 10 units - include at a minimum 20% of units “Attainable Quota Units” which will be sold or rented at a price which is below the Attainability Threshold, and
- Addition to the Official Plan a process whereby a developer may meet the Attainable Housing Quota by either:
(a) Building the requisite number of Attainable Quota Units; or,
(b) Purchasing excess quota from another developer who has exceeded the 20% requirement in another development in The Blue Mountains.