Affordable Housing Agreements

The Affordable Housing Agreement must indicate the method used to determine the initial and current rental or sale prices of a unit, possible restrictions on sale, occupancy conditions, urban incentives, including mortgages, recovery mechanisms, administrative procedure for monitoring unit management to ensure current financial accessibility, and other issues related to the development and maintenance of inclusion units. Such agreements are generally referred to as Section 173 agreements, since the authority to conclude the agreement under Section 173 of the Planning and Environment Act is conferred. On March 8, 2019, a 10-year agreement was signed between the Government of Canada and the Government of Alberta. The agreement will invest $678 million to protect, renew and expand social and community housing in Alberta. The Alberta government is working closely with the Canadian government to provide affordable housing for Albertans. On 30 June 2016, the Confederation and the federal states signed an agreement on social housing. A mechanism to facilitate the provision of affordable housing is a voluntary agreement between a competent authority (usually a city council) and a landowner to provide affordable housing for new developments. This funding supports a variety of programs and services in Alberta, such as building new housing and updating the Seniors Lodge portfolio. The Director of Municipal Development may waive an affordable housing contract for projects approved prior to effectiveness and/or for projects whose affordable housing needs are included in a development contract or other urban document. (2000 1, 2009; 1818 1, 2000) The planning system plays a role in facilitating affordable housing. As of June 1, 2018, the Planning and Environment Act of 1987 was intended to “facilitate the provision of affordable housing in Victoria.” For more information and resources for Section 173 agreements, visit the Resources for Affordable Housing Implementation page. A governor in the order of the Council (the Order) is part of the statutory definition of affordable housing. The College sets the income areas for very low-, low- and middle-income households for affordable housing that is not social housing.

For more information on income, visit the Affordable Housing Resources page. The Investment in Affordable Housing Agreement (IAH) is an obligation for the governments of Canada and Alberta to invest $323 million over eight years (2011-19) to make it more difficult for more individuals, seniors and families to access affordable housing. These agreements between the governments of Alberta and Canada help create affordable housing for Albertans under the act, social housing has the same meaning as in Section 4 (1) of the Housing Act 1983. Income limits for social housing are set by the Housing Director and published by Housing Victoria. The city and the project proponent have entered into an affordable housing contract. The agreement sets out the method and conditions under which a proponent must meet the requirements of this chapter. The authorization and/or registration of this agreement is made before the final approval of the map or, if a map is not processed, before the granting of building permits for these parcels or units. To ensure the affordability of the life of the unit, the affordable housing agreement is covered by the certificate of ownership or any other method approved by the City Council. In the event that an inclusion unit is affordable, the accessibility contract sets out the method to ensure that units remain affordable in the event of a change in the housing market. The MAC consulted with many key players, including the development and real estate industries, as well as local and public ministries and others, before providing advice to the Minister of Planning in December 2019.

This entry was posted in Uncategorized by neil. Bookmark the permalink.

Comments are closed.