article thumbnail

The inclusionary zoning shortfall

Brandon Donnelly

Colliers recently hosted a webinar about inclusionary zoning here in Toronto. In other words, there has been a destruction of value, and so something is going to have to give in order for this project to pencil and remain financeable. This shortfall is the red box area in the above graph that says, “impact of inclusionary zoning.”

Zoning 75
article thumbnail

Family-sized apartments are a luxury good

Brandon Donnelly

It then goes on to suggest that some of the reasons for this include: cultural biases in favor of suburban living, antiquated building codes (such as the requirement for two means of egress ), exclusionary zoning ordinances, bad urban schools, financing availability, and so on.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Structural engineering solutions for office-to-residential conversion

BD+C

Edwin Dean, Joe Gulden, and Doug Sweeney MFPRO+ Blog High-rise Construction Apartments Office Buildings Engineers Codes Regulations Adaptive Reuse Reconstruction & Renovation Seismic Design Office-to-residential conversion seems like a simple solution to a problem. faces a housing deficit of 3.8 million units.

article thumbnail

Time to market and managing costs

Brandon Donnelly

On the other hand, if you’re building a condominium building in a market that generally relies on pre-sales for construction financing, which is the case here in Toronto, you spend a bit of your money up front, lock in (but not collect) most, if not all, of your project revenue, and then you spend the majority of your money.

article thumbnail

What's next for affordable housing in 2024?

BD+C

Mary Jo Minerich and Amanda Markovic, AIA MFPRO+ Blog Affordable Housing Designers Architects Legislation Adaptive Reuse What’s next with affordable housing? We distilled that information into an interactive tool—our IRA Calculator —which can estimate financing opportunities at stake in different sustainable design decisions.

Housing 105
article thumbnail

Reinvestment without displacement: North Avenue Market

Community Architect Daily

Obviously, the intersection of these two zones has a pull in both directions. In all cases money from the Future Fund seeded the project and all types of other funds and tax credits are used to finance the usually very high cost of building stabilization and repair to save the buildings and the users that have found a home in them.

article thumbnail

Trends to watch shaping the future of ESG

BD+C

This blog first appeared as part of Gensler's Design Forecast blog series , looking at what’s next in 2023 and beyond. financing more socially inclusive projects is often the stickiest issue—particularly if you want to take something that is classified as office and convert it. I would add zoning to the conversation.