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Free Money – Section 37 Funds

Author: 
Toronto Condo News
Publication date:
January 24, 2021
Article Summary: 

The blog discusses Section 37 funds, which are payments made by developers to municipalities in exchange for increased density or other benefits. The author notes that these funds can be used to support community benefits, such as affordable housing or public art, and that they represent a form of "free money" for municipalities. The blog provides examples of how Section 37 funds have been used in Toronto and discusses some of the potential issues surrounding their use.

Keywords: 

Section 37 funds, developers, municipalities, density, community benefits, affordable housing, public art, free money, Toronto.

Source Citation: 
Toronto Condo News
Free Money – Section 37 Funds
January 24, 2021
https://tocondonews.com/archives/free-money-section-37-funds/
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