Review and Approval of 2024 Development Cost Charges Report; Discussion of Future Projections and Waiver Requests
The Richmond City Finance Committee meeting on April 7, 2025, reviewed the 2024 Annual Development Cost Charges Report. The report was received for information. Discussion ensued regarding the challenges of predicting future development cost charges and the absence of waiver requests for affordable housing in 2024. Councillor Loo opposed the motion to receive the report for information.