Edmonton's New Housing Program: Boosting Downtown Living
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Edmontons city council proposes a new Attainable Housing Program, offering grants to developers for projects with affordable units. The grants, ranging from 25% to 100% of property tax increases, are contingent on delivering attainable one-bedroom apartments rented at no more than 30% of the citys median renter income. Local business groups support the initiative, expecting increased safety, vibrancy, and community strength. The program aims to reach a goal of 24,000 downtown residents by 2030, potentially revitalizing the area.
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