US EditionHamilton to Vote on Ending Community Benefit Charges on New Housing
Summary by The Public Record | Hamilton's Civic Affairs News Site…
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Hamilton to Vote on Ending Community Benefit Charges on New Housing
Hamilton City Council will vote on a recommendation to end the City’s Community Benefit Charges. CBC’s are collected under the authority of the Development Charges Act. The CBC charge is calculated as four percent of land value on new construction. It collects most of its funds from denser developments in the downtown area and along corridors where land values are higher compared to white belt lands used for single-detached and townhouse develop…
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