Richard Florida supports inclusionary zoning

Richard Florida, director of the Martin Prosperity Institute at the University of Toronto’s Rotman School of Management, wrote in the Toronto Star on 30 November 2014 an article titled ‘How the new mayor can repair Toronto’.  In that article, while reviewing the most pressing challenges faced by the new mayor, he wrote:

“The first is housing – particularly affordable housing….. The city needs to build new [affordable] housing and lots of it … [through] a concrete strategy. In New York, Bill Blasio introduced a plan for affordable housing that will require developers to include below-market apartments in newly zoned areas. Tory would do well to emulate this kind of public-private partnerships and incent developers … to help pay for more affordable housing.”

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