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Letter

City of Penticton Development Cost Charges

UDI Okanagan submission to City of Penticton.

UDI Okanagan wrote to the City of Penticton to express concern that the current structure of Development Cost Charges (DCCs) may be unintentionally hindering housing affordability in the region.

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City-of-Penticton-DCCs-and-Affordable-Housing.pdf / 235.36 KB

β€œIncreasing DCCs directly impacts the cost of development, which in turn raises the final cost of housing for end users. Additionally, DCC increases have a cascading effect on the price of all housing, as the price of resale homes is indexed to the price of new homes. Therefore, if the cost of new housing rises, so does the cost of existing housing.”

Download (pdf)

City-of-Penticton-DCCs-and-Affordable-Housing.pdf / 235.36 KB
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