Public meeting takes place in Waterloo on June 24
Waterloo City Council will hear comments from the public about proposed amendments to the City’s Official Plan and Zoning By-law to require affordable housing units in new development through Inclusionary Zoning.
Date: Monday, June 24
Time: To be determined, will be made available 12 days before the meeting date.
Location, in person: Council Chambers, 3rd floor, Waterloo City Centre (100 Regina Street South)
Location, online: YouTube
The staff report and proposed amendments will be contained within the meeting agenda, available 12 days before the meeting date. To view the meeting agenda once available, please visit events.waterloo.ca/meetings
If you would like to speak at the public meeting, please register before the meeting. You can do so online on the City of Waterloo website or by calling our council coordinator at 519-747-8549.
About Inclusionary Zoning
Inclusionary zoning would require developers to include up to 5% affordable housing units within new, multi-unit housing developments. This would apply around ION stations.
The proposed Official Plan and Zoning By-law Amendments would:
- Apply to all new residential developments in Protected Major Transit Station Areas where 50 or more dwelling units are proposed
- Starting in 2025, require residential developments to include a minimum of 0-2% of their gross leasable residential floor area (GLA) as affordable units with increases to this minimum increasing to 5% no later than 2031
- Require that the affordable units be rented, whether located in a condominium or purpose-built rental building
- Set maximum rents at levels that are affordable to low- and moderate-income households (earning between $47,000 and $82,000 in 2023)
- Require that affordable units be maintained as affordable for a minimum of 25 years
Map of Major Transit Station Areas in Waterloo
