The City plans to offer non-profits and property owners financial incentives to build affordable housing
The City of Welland is looking to tackle the issue of affordable housing.
Council has adopted an Affordable Rental Housing Community Improvement Plan.
The plan looks to encourage property owners and non-profit housing agencies to build affordable units to rent.
"We've undertaken considerable consultation to develop the CIP," said Grant Munday, director of planning and development. "We've taken everything we heard from the consultations and created a CIP designed to stimulate and promote the creation and longevity of affordable housing in the City of Welland."
Several incentive programs have been offered: Tax Increment Grant, Affordable Housing Study Grant, Affordable Residential Forgivable Loan, Extended Benefits Grant, Municipal Fees Grant, Affordable Housing Reserve Fund, and Special Land Program.
Property owners and non-profits that are interested in applying for the incentives can email devserv@welland.ca.
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