PROPOSED AMENDMENT TO THE DEVELOPMENT COST CHARGES IMPOSITION BYLAW

2. Affordable Housing Options and Policies Municipalities, through adoption of a DCC Waiver/Reduction Bylaw, may waive or reduce charges for certain eligible affordable housing developments. Studies are currently underway in detennining and reviewing the feasibility and financial impact of DCC waiver or reduction for qualifying affordable housing developments. Any DCCs that are waived under such DCC Waiver/Reduction Bylaw will require the municipality to fund the waived DCCs using alternative municipal funding sources. Staff will report findings and recommendations to Council upon completion of the review work in a separate report during 2023.

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