- These steps do not follow…

- These steps do not follow the recommendations of the the Housing Affordability Task Force Report,
which recommended the establishment of an “Ontario Housing Delivery Fund” to incentivize
municipalities to build more homes (p24).

- The Niagara Region has calculated that it will lose over $37million in the first 5 years of this legislation,
significantly negatively affecting its capacity to provide affordable housing. Where will the difference of
this come from? Steve Clark claims that shortfall for the city of Toronto will be covered... but from
where? The taxpayers will pay for the shortfall and the developers will pocket the funds.

- there is no reason to think that any home builder or developer will pass the savings in reduced
development fees on to home buyers. They will instead charge the market rate to home buyers and
pocket the difference. There is no evidence or measures being put in place to ensure the developer will
pass the savings along to the buyer. The recent Barrie condo scandal proves this to be the case.
Developers are in the business of making money, not charity. Premier Ford himself called the price
increase imposed on these buyers & "unfair"
https://www.simcoe.com/news-story/10522731-ontario-
premier-doug-ford-says-barrie-developer-asking-homebuyers-to-pay-100k-more-is-totally-unfair-/

- The Task Force also recommended that “the province should consider partial grants to subsidize
municipalities that waive development charges for affordable housing and for purpose-built
rental.”(p24) This legislation fails to do this.

- Reducing Development Charges will make a bad situation worse as DCs do not currently cover the costs
of developments. This is something that the Housing Affordability Task Force acknowledges when it
writes, “most municipalities report that development charges are still not enough to fully cover the
costs of building new infrastructure and retrofitting existing infrastructure in neighborhoods that are
intensifying.” (p22)

- Where will the shortfall for the DC charges come from? Steve Clark claims that shortfall for the city of
Toronto will be covered... but from where? If it is coming from the provincial coffers, then it is coming
from taxpayers. This means the taxpayers are further subsidizing for the developers best interest and
profit.

- in sum, reducing and eliminating Development Charges without replacing that funding will only bring
revenue uncertainty to municipalities and their residents, as it passes costs from developers to
taxpayers (or, takes money from residents and gives it to developers).