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June 22, 2021

Affordable housing at market rates?

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Councillor Paul Spooner explained to me (on Saturday), the Mullum Station street land will be sold at market value. It will not be sold for less to help establish affordable housing.

So what are the odds, North Coast Community Housing will come up with an affordable housing development plan (with no private sale and at least 20 per cent lower rent than the market) with a big tree on it and be able to pay the full market value for the land?

We see this idea failed a few years ago, when this same site had plans drawn up for affordable housing and included the sale of a few private apartments to subsidise the development. Does the new plan allow for the development and sale of private apartments to subsidise the affordable housing?

Jason Lasky, South Golden Beach.


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