local government policy and regulatory environment l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Local Government Policy and Regulatory Environment PowerPoint Presentation
Download Presentation
Local Government Policy and Regulatory Environment

Loading in 2 Seconds...

play fullscreen
1 / 16

Local Government Policy and Regulatory Environment - PowerPoint PPT Presentation


  • 345 Views
  • Uploaded on

Local Government Policy and Regulatory Environment Local governments can play a key role in encouraging housing affordability and building capacity. They can: control policy and regulatory areas be collaborative and encourage innovation

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Local Government Policy and Regulatory Environment' - johana


Download Now An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
local government policy and regulatory environment
Local Government Policy and Regulatory Environment
  • Local governments can play a key role in encouraging housing affordability and building capacity.
  • They can:
    • control policy and regulatory areas
    • be collaborative and encourage innovation
    • bring together a wide range of community interests to address local affordability needs
    • contribute resources
local government policy and regulatory environment2
Local Government Policy and Regulatory Environment
  • Information has been collected from all jurisdictions - 12 have “signed-off”.
local government policy and regulatory environment4
Local Government Policy and Regulatory Environment
  • What have we found out?
  • Most local governments in the CRD are not using the tools available.
  • Most jurisdictions have….
  • OCP policies /goal statements about meeting the housing needs of their residents (12)
  • Density bonusing (7)
  • Comprehensive development zoning regulations (11)
  • Intensification - e.g. infill usually through duplexing (9) and /or small lots (8)
  • Mixed-use /shared facilities (9)
  • Secondary suites (8)
  • Information on demolition /conversions and construction costs
  • Public consultation /notification policies and practices
local government policy and regulatory environment5
Local Government Policy and Regulatory Environment
  • What have we found out?
  • Most local governments in the CRD are not using the tools available..
  • Most jurisdictions do not have….
  • Definitions of affordable /special needs housing (5)
  • Housing strategies, needs studies, homelessness studies or residential design guidelines
  • Pre-zoning for multi-family (5)
  • Alternate development standards (6) /relaxed standards (5)
  • Maintenance bylaws (1)
  • Demolition /conversion regulations (5)
  • Partnerships (4)
  • Waived /reduced fees, funding, and /or property tax exemptions (3)
  • Land leasing /donations at /below market value (2)
  • Fast tracking or streamlined approval processes (4)
local government policy and regulatory environment6
Local Government Policy and Regulatory Environment
  • DEVELOPMENT COSTS - What have we found out?
  • Identification and calculation is complex and time consuming - 14 local governments x 20+ sets of fees and charges
  • Little consistency amongst jurisdictions - even in the same part of the Region
  • No consistency within individual jurisdictions - costs can fall in the low, mid, high range
  • Additional charges are often added to the base fee - this varies by jurisdiction
  • Charges may be levied regionally, locally, and/or by other bodies - and for different purposes
local government policy and regulatory environment7
Local Government Policy and Regulatory Environment
  • We need to validate the information we have collected.
  • You can help us by:
    • Providing observations/comments/reactions on the data presented
    • Providing your perceptions of the major issues for housing affordability that arise from the data
    • Identifying how the data could be presented to make it useful
land residential construction costs
Land & Residential Construction Costs

Cost ranges for “affordable” serviced land, examples:

land residential construction costs9
Land & Residential Construction Costs

Typical Construction Costs per square foot:

land residential construction costs10
Land & Residential Construction Costs

Other costs of construction:

  • environmental assessments
  • legal fees
  • Interest costs
  • Soil tests
  • Lender fees
  • marketing
  • Warranty costs
  • Engineering fees
  • Architectural fees
  • Building permits and Development cost charges
  • Bonding
  • Mortgage insurance premiums and fees
land residential construction costs11
Land & Residential Construction Costs

Range of total construction cost for “affordable housing”, examples:

partnerships financing and tenure options
Partnerships, Financing and Tenure Options

Some models used to improve housing affordability:

  • Rental housing – market
  • Rental housing – non-profit (with and without government subsidies)
  • Life leases – guaranteed buyback
  • Ownership housing – condominium and freehold
  • Rental co-operative
  • Equity co-operative
  • Ownership housing – sweat equity and philanthropy
  • Shared equity
  • Co-housing
  • Land trusts and housing trusts
partnerships financing and tenure options13
Partnership examples:

Christian Care of the Elderly

Pacifica Housing development Society

St. Andrews Victoria Housing Society

PEERS

St. Vincent de Paul of Vancouver Island

Mike Gidora Place – Cool Aid

Victoria Habitat for Humanity

Partnership arrangements:

The Christian Care of the Elderly building is one of only two or three true “public-private partnership” projects in B.C.

The other projects were made possible through a combination of grants, donations, sweat equity and other beneficial arrangements.

Partnerships, Financing and Tenure Options
partnerships financing and tenure options14
Financing examples:

Mike Gidora Place

Saamoa Holdings

Kiwanis Village Apartments

Financial arrangements:

Subordinated debt.

Second and third mortgages with grants.

“High ratio” homeowner loans.

Internal capital without mortgage financing.

Partnerships, Financing and Tenure Options
partnerships financing and tenure options15
Tenure examples:

James Bay Housing Co-operative

Lions Cove View Royal

Cardiff Place

Tenure arrangements:

Land trusts.

Life leases with a guaranteed buyback.

Collaborative or co-housing.

Partnerships, Financing and Tenure Options