Housing
Will I be able to afford to live here?
Rental affordability is top priority: convert city-owned real estate into affordable rentals.
- Rental affordability is the top priority
- Convert under-utilized city-owned real estate into rental affordable units priced at median household income, price-locked over ten years
- Buy 2-3 storey homes and convert them into self-contained micro-bachelor units
- Develop low-rise (5-10 floor) buildings at median household income, price-capped for 10 years
- City-backed Rent to Buy program for first-time home buyers
Show their words & sourceHide (a few sentences)
“I would prioritize: converting under utilized city owned real estate into rental affordable units that are priced at the median household income, and price locked per year across a ten year timeline; secondly, purchasing 2/3 story homes; and then convert the square footage into a series of self contained micro-bachelor units; thirdly, the development of low rise (ex., 5-10 floor) buildings set at the median household income, and price capped for 10 years; and lastly, city backed Rent to Buy program for first time home buyers”
Confidence:High