Title
Affordable Home Ownership
Recommendation
a) Receive the report Exploring Entry-Level Ownership: An Analysis of the Potential Opportunities in the CRD Context as presented in Appendix A for information; and
b) Identify the Capital Regional District’s role and options for program/service delivery through the review and update of the Regional Housing Affordability Strategy.
[An additional recommendation was approved at the meeting as follows:]
That the Hospitals and Housing Committee recommend to the Capital Regional District Board:
That the Capital Regional District advance an examination of options to support the establishment of a program or structure capable of investing in affordable housing, preserving projects at moderately affordable rates, while also providing a modest return to investors, including an examination of establishing a social purpose real estate trust;
That the estimated $75,000 that would be required to complete this work, be considered within the 2018 service plan and budget processes.
(NWA)