03-13-2023, 10:21 PM
Municipalities feel impacts of Ford government's housing law, worry over little audit progress
In Waterloo, council voted to delay for at least one year a $68-million reconstruction project for infrastructure to support 800 new homes because of uncertainty over how the city will pay for it.
"We certainly share the same goal as the province, that we want to see additional housing units being constructed, but we need to know how we can afford to pay for that," Coun. Diane Freeman said in an interview.
"I can't ask the current taxpayers, the current tax base in Waterloo, to front the capital for a development that I don't know if we're going to be able to recoup development charges on."
In Waterloo, council voted to delay for at least one year a $68-million reconstruction project for infrastructure to support 800 new homes because of uncertainty over how the city will pay for it.
"We certainly share the same goal as the province, that we want to see additional housing units being constructed, but we need to know how we can afford to pay for that," Coun. Diane Freeman said in an interview.
"I can't ask the current taxpayers, the current tax base in Waterloo, to front the capital for a development that I don't know if we're going to be able to recoup development charges on."