News

:

,

Prince Edward County greenlights developer bylaw to incentivize local affordable housing

A light brown brick community centre, with a green lawn and picnic bench in front of its antechamber.
Highline Hall in Wellington, Ontario, where PEC councillors meet while Shire Hall in Picton is renovated. Photo by Alex Wright.
CJPE - 99.3 FM - CJPE - Picton • ON | 20-08-2022
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on email
Share on print

On Thursday, Prince Edward County council approved of a draft capital facilities by-law which will encourage affordable housing development in the county.

This by-law will incentivize private and not-for-profit developers in various ways including conditional grants, property tax exemptions, and developer charge exemptions (according to the presented staff report). These will be conditional upon the developer situating affordable housing projects on vacant land and keeping them affordable for a period of 20 years.

Mayor Steve Ferguson commented that this program could be used to create affordable units for much needed medical professionals in the county.

Listen to the full story below: 

Download Audio