Real estate development and major infrastructure projects can have a profound impact on the communities in which they take place. Large developments have the capability to change the character of a neighbourhood as they exert economic, social, and environmental externalities upon the local environment in which residents and businesses exist.
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But who decides on what will be the ‘changed’ character and ‘new’ composition of a community after the construction phase of a development? Is it just undirected happenstance or can we create the means to identify community needs and priorities to achieve the preferred social, economic and environmental outcomes as an intentional result of a major development?
Community benefit agreements (CBAs)are a tool to allow for value to be defined by and to accrue to the neighbourhoods most directly affected by the new development. A CBA allows local residents, social enterprises, and businesses to share in the design of the future of their community.
Table of Contents
About Buy Social Canada
What Is A Community Benefit Agreement?
How to Use This Tool
The Excel Spreadsheet