CIP for Affordable Housing in Cobourg

Cobourg’s first Community Improvement Plan (CIP) was created for downtown and has resulted in annual grants and loans to Downtown businesses wanting to spruce up their premises.  But if it works to allow subsidies for upgrading Downtown buildings why not create one to legalize subsidies for affordable housing?  At their Monday Council meeting, Council approved the award of a contract for the preparation of a Town-wide Affordable Housing CIP at a cost of $65,185.  In his supporting memo, Director Glen McGlashon said that “the CIP would provide a legal mechanism and various incentive tools authorized under Section 28 of the Planning Act to help stimulate the provision of affordable and rental housing in the community.”  In addition to being affordable… Read complete articleCIP for Affordable Housing in Cobourg