Affordable Housing Agreements

On March 8, 2019, a 10-year agreement was signed between the Government of Canada and the Government of Alberta. The agreement will invest $678 million to protect, renew and expand social and community housing in Alberta. This funding supports a variety of programs and services in Alberta, such as building new housing and updating the Seniors Lodge portfolio. The city and the project proponent have entered into an affordable housing contract. The agreement sets out the method and conditions under which a proponent must meet the requirements of this chapter. The authorization and/or registration of this agreement is made before the final approval of the map or, if a map is not processed, before the granting of building permits for these parcels or units. The planning system plays a role in facilitating affordable housing. As of June 1, 2018, the Planning and Environment Act of 1987 was intended to “facilitate the provision of affordable housing in Victoria.” Such agreements are generally referred to as Section 173 agreements, since the authority to conclude the agreement under Section 173 of the Planning and Environment Act is conferred. The Affordable Housing Agreement must indicate the method used to determine the initial and current rental or sale prices of a unit, possible restrictions on sale, occupancy conditions, urban incentives, including mortgages, recovery mechanisms, administrative procedure for monitoring unit management to ensure current financial accessibility, and other issues related to the development and maintenance of inclusion units. In addition, the accessibility contract provides for the waiver of the residential tax for lower incomes. For projects that meet the accessibility threshold with very low and/or low-income units, all units in the project may waive lower-income housing costs. In the case of detached houses that meet the accessibility threshold with medium-income units or multi-family housing projects that do not meet the accessibility threshold, only inclusion units may waive the reduction in housing costs, unless the municipality authorizes the other. The MAC consulted with many key players, including the development and real estate industries, as well as local and public ministries and others, before providing advice to the Minister of Planning in December 2019.

The MAC proposed a revision of the current voluntary framework for affordable housing and a step towards a more coherent and coherent approach to the development of affordable housing. In September 2019, the Minister of Planning appointed a Ministerial Advisory Committee (MAC) to provide independent advice on possible models and options to facilitate the supply of affordable housing through the Victorian planning system. These agreements between the governments of Alberta and Canada help provide affordable housing for the Albertan One mechanism to facilitate the supply of affordable housing is a voluntary agreement between a responsible authority (usually a city council) and a landowner to provide affordable housing as part of new developments. For more information and resources for Section 173 agreements, visit the Resources for Affordable Housing Implementation page. The Investment in Affordable Housing Agreement (IAH) is an obligation for the governments of Canada and Alberta to invest $323 million over eight years (2011-19) to make it more difficult for more individuals, seniors and families to access affordable housing. A governor in the order of the Council (the Order) is part of the statutory definition of affordable housing.