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Letter

City of Richmond Proposed Development Cost Charge Increase

UDI Lower Mainland submission to City of Richmond.

Given current economic conditions, regional precedent, and Richmond’s unique cost pressures, UDI strongly recommends that Council not proceed with the upcoming DCC increase at this time. Instead, we encourage the City to explore reductions to DCCs while continuing to work collaboratively with industry and other levels of government on solutions that support both infrastructure funding and housing delivery.

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We recommend that the City undertake a financial viability analysis of the current and proposed DCC rates. Should the analysis find these rates to be unviable, Council should direct staff to review the composition of DCC projects to clearly separate growth-related costs from base infrastructure upgrades

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