Concerns flow over flood plain plans
Affordable housing developers are worried about the trickle-down-effects of the province’s flood plain plans.
The province is imposing city’s to enact numerous new building standards to address its new one-in-500 flood plain regulations. The heightened standards have affordable housing developers worried the additional costs could impact their ability to develop in core neighbourhoods.
“This will have a really significant impact on the West and East Flat,” Brian Howell, manager of the River Bank Development Corporation said during a press conference Thursday.
“The cost of building to meet flood standards in terms of reinforcing, in terms of concrete basements, in terms of not being able to use living space below the flood line is so high that we may have to move and work in different neighbourhoods.”