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
​
