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What Is and Is Not - Affordable Housing

EE2045 Action Group Member, John Storey Williamson, Broker, suggests promoting home ownership is key

EE2045 Action Group Member Alf McConnell, an experienced Affordable Housing Developer has defined how affordable housing can be effective.

  • The proposed revision of R-1 zoning (to allow construction of two- to four-unit buildings) will not create affordable housing.

  • Only the construction of multi-story apartment buildings of 50-or-more units per building will create affordable housing because of the need to:

    • Create economies of scale

    • Attract the necessary special financing

    • Hire professional property management

  • Furthermore, these affordable buildings need to be located near:

    • Public transportation so a car is unnecessary, thus saving those residents money

    • Shopping & services
       

  • Read the whole article - see RoundTable

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