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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

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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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