I am concerned that the…

I am concerned that the proposed regulatory changes to inclusionary zoning will further limit the effectiveness of the tool and will only serve to benefit developers, instead of residents. Why is inclusionary zoning being capped at 5% of the total number of units or GFA and limited to a maximum period of 25 years? What is the rationale for these numbers? These upper limits fail to consider the unique local contexts that may require greater maximums to appropriately address the growing demand for affordable housing. It’s blatantly clear that this government believes in trickle-down economics and will do whatever they want to do, despite the decades of research that has shown that trickle-down economics does little to alleviate affordability issues. The government should be proposing legislative changes based on well-supported research, rather than based on the whims of developers’ demands.

This government has already limited the applicability of inclusionary zoning to only PMTSAs and CPPS. The proposed regulatory changes will further strip inclusionary zoning down to a bare bones framework that will do absolutely nothing to provide affordable housing.