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Developer funding for parks, daycares, affordable housing may be at risk under Ford government's proposed rules - 2020-02-28

F94.png Developer funding for parks, daycares, affordable housing may be at risk under Ford government's proposed rules February 28, 2020, Jennifer Pagliaro, Toronto Star

Parks, daycares and affordable housing may no longer receive adequate funding from developers in Toronto under changes to provincial rules proposed Friday by the Ontario government.

The new rules proposed by Premier Doug Ford's PC government include a cap on how much the city can charge developers for "community benefits." Those benefits have previously included a condo developer making space for a daycare in the ground floor of a building, dedicating parkland on site — or providing the equivalent cash to the city for those kinds of facilities.

The city currently has three different tools under provincial legislation it uses to collect money or direct benefits from developers. But the provincial government has proposed collapsing those tools into one new "community benefits charge" or CBC.

Wikipedia cite:
{{cite news | first = Jennifer | last = Pagliaro | title = Developer funding for parks, daycares, affordable housing may be at risk under Ford government's proposed rules | url = https://www.thestar.com/news/city_hall/2020/02/28/new-parkland-rec-centres-could-be-at-risk-under-provinces-proposed-changes-to-development-charges.html | work = Toronto Star | date = February 28, 2020 | accessdate = February 29, 2020 }}