Affordable Housing is Needed Now

Affordable housing haltonGarth Brown of Affordable Housing Halton saying that waiting until 2014 to implement new housing initiatives is too long. There are currently thousands of Halton residents waiting for units currently. Halton has until 2014 to finalize their 10-year plan to address affordable housing issues in the region.

Brown says that 75% of the people on the wait list are looking for single bedroom accommodation, and that comfortable units can be created for less than $50,000 per unit. One concerning consideration is that developers are building units priced at $308,000 and calling it affordable.

Halton will receive $10.7 million from the province of Ontario from 2012 to 2015 as part of the Investment in Affordable Housing program. This funding will support the development of new and converted rental units, down-payment assistance, and rent subsidiaries.

Thanks very much for reading. As always, if you would like to discuss your current real estate situation, I would love to offer my expert knowledge of the Oakville and Burlington markets. You can reach me at 905 845 9180, or by email at jamie.vieira@century21.ca. 


Sincerely,

Jamie Vieira Real Estate Agent Oakville

Jamie Vieira
Sales Representative
Century 21 Miller Real Estate Ltd, Brokerage
Independently Owned and Operated
905 845 9180
jamie.vieira@century21.ca
www.jamiesells.ca

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Jamie Vieira

Jamie Vieira

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
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