06-27-2015, 12:01 PM
(06-27-2015, 10:53 AM)Spokes Wrote: On the affordable housing point, does it make sense for the city to require developments to have a certain percentage of units geared towards low income individuals? Maybe sell them to Kitchener Housing at a subsidised cost?
I would prefer it to be optional (not compulsory), but with a sufficient incentive that most condo projects would take it on. Maybe two levels, 10% and 20%?
(06-27-2015, 11:46 AM)DHLawrence Wrote: One of the new condo developments on the waterfront is doing it; ten units are going to be subsidized. I hope the region can do something similar - preferably without the 'poor door' such developments are installing so the penthouse dwellers don't have to risk coming into contact with subsidized residents.
Even in a normal condo building you may have a range of prices from $300K to $900K. Adding in some lower-cost units at around $200K doesn't radically change that scenario.
Now, in a condo building someone will need to buy those low-cost units, and hopefully most of them would end up on the rental market.

