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london developers - recommendations
June 28, 2022

City staff to review housing recommendations from London, Ont. developers

London, Ont. councillors want a second opinion before weighing in further on recommendations aiming to address what local developers have referred to as a housing crisis in the city.

Presented in a report titled London: A Place to Call Home, the recommendations are a joint project of the London Development Institute and the London Home Builders’ Association, and look to boost the city’s housing stock.

On Wednesday, the recommendations were brought before council’s strategic priorities and policy committee.

The recommendations include a series of potential policy actions, some of which are already being undertaken by the city, such as a comprehensive of London’s urban growth boundary and the ReThink zoning process which looks to develop a more flexible zoning by-law.

LDI executive director Mike Wallace told councillors these recommendations were listed to show public support for the city’s ongoing work.

Other policy recommendations include forming a group of downtown landowners to review “opportunities for redevelopment with a mandate to develop programs and incentives to drive residential growth in downtown.”

LDI and LHBA also want the development of Mayor’s Task Force aimed at tackling the city’s housing supply crisis, with this group being made up of “political representation, senior municipal staff and the development/building industry.” A similar task force consisting of city staff, not-for-profit housing providers and private sector developers is being sought as well.

The recommendations also call for three per cent of the annual assessment growth revenue, which is drawn from property tax, to be reinvested into planning and economic development services.

Keep reading on Global News


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