Delivered via E-mail:PlanningConsultation@ontario.ca MMAH Proposed Amendments to O.Reg 232/18 Inclusionary Zoning

Currently under the regulation, municipalities have the discretion to determine the set aside rates to establish the length of an affordability period and to develop a method in forming the affordability prices/rates for IZ units. [...] The proposed new limit of 5% on the set aside rate of affordable units and a 25 year affordability period will severely weaken the impact of IZ regulations in providing the affordable housing stock that is desperately required in Ontario. [...] These are the percentage of units or the percentage of the residential area in a development that is required to be “set-aside” as affordable housing. [...] Affordability Term The length of time an affordable housing unit is required to remain affordable is one of the key tools to effectively increase affordable housing in Ontario. [...] If the province were to change the affordability definition under the proposed regulation, the minimum household income would need to increase to $95,000 in order to afford an IZ unit.