A Closer Look at Development Cost Charges
Ever wonder about development cost charges or DCCs? How are they designed and what they are meant to pay for? CHRA Sector Development Coordinator, Mary Clarke, interviewed Jeff Fisher, the Deputy Executive Director of the Urban Development Institute (UDI) - Pacific Region, to find out more about DCCs and their role in affordable housing development.
This podcast covers the basics of development cost charges including a definition and a discussion of the types of infrastructure they are meant for and the different ways DCCs are billed. Jeff Fisher goes on to describe the other costs developers are asked to pay such as parkland, amenities, community services, and other fees incurred throughout the development process. Mr. Fisher provides valuable insight for municipalities and housing developers alike into the impact of DCCS on sustainable development and affordable housing. He concludes with comments on the value of certainty and advice for municipalities.
Listeners Guide Total running time 19:37
Part 1. The basics of development cost charges (Running time 9:31)
0:00 Introduction
0:45 Definition of DCCs
2:44 Other development costs and fees
6:34 Structure and form of DCCs
Part 2. Impact of DCCs (Running time 5:09)
0:00 Sustainable development
2:14 Affordable housing
Part 3. Advice for municipalities (Running time 4:97)
0:00 Importance of certainty
1:96 Advice for municipalities
4:75 Conclusion