The plan aims to introduce over 250 housing units, 51 of those earmarked as low income, complete with eight stories and three levels of underground parking, in a bid to tackle the city’s affordable housing crisis, reports The Independent. The “Builder’s Remedy” comes into effect when a city or county has not obtained state certification for its housing element. The aim of this measure is to incentivize the construction of affordable housing and address the state’s housing shortage. The city approved its housing element last December and the state certified the plan in February 2024. The city, which recently had its housing element certified by the state, still grapples with balancing growth with preservation.

Source: CBC News November 17, 2024 07:29 UTC