The policy is part of the 2023 municipal budget.
According to the city, the policy features a property tax exemption under which housing projects could be eligible to have taxes gradually phase in over five years, or receive a five-year 100 per cent exemption.Story continues below advertisement The city could approve a capital grant of up to $5,000 per unit if the project incorporates multiple municipal housing objectives, to a project maximum of $25,000.Secondary suites: The installation of new secondary suites or the legalization of existing suites in infill areas are eligible for a capital grant to a maximum of $3,000.
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