Application by Wayne Fougere Architecture for Rezoning at 4620 & 4640 Smith Crescent from the “Small-Scale Multi-Unit Housing (RSM/XL)” Zone to “Town Housing (ZT107) – Smith Crescent (Hamilton)” ZonE

Consistent with the City's Affordable Housing Strategy, townhouse developments outside of the City Centre Area Plan are required to make a cash-in-lieu contribution to the City's Affordable Housing Reserve Fund of $12.00 per square foot based on total buildable area. Consistent with the City's Market Rental Housing Policy, townhouse development applications are required to make a cash-in-lieu contribution to the City's Affordable Housing Reserve Fund of $3.09 per square foot based on total buildable area. Accordingly, for this proposal, the total contribution amount is $542,198.79, which the applicant is required to provide to the City prior to final adoption of the rezoning bylaw.

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