Alternative to Infrastructure Financing
BILD Alberta hired consulting firm MNP to conduct a comprehensive review of the current off-site levy mechanism and identifying alternatives to fund future infrastructure projects. The review and assessment will focus on:
- Analysis of the current off-site levy regime and identify any proposed modifications to address existing challenges.
- A cross-jurisdictional analysis of infrastructure financing alternatives in the United States and Canada to identify potential options.
- Test the feasibility of each proposed solution with industry partners through engagement sessions.
- Develop and execute an advocacy plan based on the preferred option.
A preliminary draft of the report is expected later this summer with engagement workshops taking place shortly after. A final report will be ready at the beginning of 2022.
Industry Approach to Reducing GHG Emissions in Housing
BILD Alberta, through the Board of Directors, will be finalizing an Action Plan based on the consultant's recommendations. The consultant’s report and BILD Alberta Action plan will be shared in next month’s newsletter.
BILD Alberta staff continue to monitor private member Bill 206: Property Rights Statutes Amendment Act and discussions are currently underway with a Select Special Committee on Real Property Rights. The Committee is currently reviewing whether the expropriation process provided under the Expropriation Act is adequate. Allowing development to proceed once the expropriation process moves to the step of valuation and compensation is one of BILD Alberta’s red tape reduction submissions.
If you would like more information on any of the above, please reach out to Saheb Dullet.