City of Port Moody Proposed Increases to DCCs and ACCs
UDI Lower Mainland submission to the City of Port Moody.
We are deeply concerned with the magnitude and timing of the proposed increases for just the ACC and DCC programs in the Draft Development Cost Charges and Amenity Cost Charges Rates Report to Council. The proposed increase for high-density projects would be 167%, and 260% for commercial projects. These are more substantive percentage increases than the Metro Vancouver DCC increases that have threatened development across the Region.
We are very concerned that if Port Moody implements these increases at this time, many projects will be halted, new housing and job-generating spaces will not be delivered, and Port Moody would receive less revenue from DCCs, ACCs/Community Amenity Contributions, and Density Bonusing, as well as fewer Inclusionary Zoning units.
