The City’s Planning Committee today approved the first step in requesting provincial funds to increase the city’s supply of new rental housing.
The decision would designate Housing Services as the City’s Service Manager to administer the provincial Development Charge Rebate Program. The rebate program is part of Ontario’s Fair Housing Plan and aims to increase the supply of new purpose-built rental market units.
The Province is offering up to $125 million over a five-year period to eligible municipalities in the form of rebates for all or part of development charges paid by housing developers. The City needs to apply by Friday, March 2, and before that can happen, Council needs to designate a Service Manager as the program administrator.
The Committee also approved zoning amendments to permit residential developments in Sandy Hill and Wellington West.
In Sandy Hill, the approved changes would permit a four-storey, 40-unit apartment with 150 square metres of ground floor commercial space at the corner of Henderson Avenue and Templeton Street. In Wellington West, approval would permit a nine-storey, mixed-use building on Wellington Street West, at the intersection of Garland Street. The building would have commercial space on the ground floor and 57 residential units above.
Items approved at today’s Planning Committee meeting will go to City Council on Wednesday, February 28.