Summary of Recommendations 1…

Summary of Recommendations
1. Add a new section 4.1 to the Development Charges Act, 1997 to provide a definition of a “special care” dwelling unit and mandating that all municipalities amend their development charge by-law to introduce these new dwelling units.
2. Mandate that “special care” dwelling units have a development charge that is 25 per cent lower than a one-bedroom dwelling unit development charge.
3. Maintain the proposed amendment to O. Reg. 82/98 to include retirement communities in the definition of “institutional developments.”
4. Amend O. Reg. 82/98 to prescribe that the maximum interest rate that may be charged on development charge amounts that are deferred or on development charges that are frozen is 0 per cent for “institutional developments.”