Regina City Council proposing to subsidize market rental construction-- in one of the country's hottest markets-- and call

it the creation of affordable rental housing The new May 2013 Regina City Council post-summit Comprehensive Housing Strategy IMPLEMENTATION PLAN calls for capital incentives of $15,000 per rental unit (an increase of $5,000 per unit from the previous plan). - Therefore, under the terms of this new Housing Plan, the city will pay developers of market (or below) rental housing units $15,000 per unit and under the terms of this same Plan state the city's program is creating "affordable" rental units which will rent at market or below SO, we are essentially subsidizing market rental construction-- in one of the country's hottest markets-- and calling it the creation of affordable rental housing under the defined terms of the Plan? I ask all members of the public and media: Does this sound right to you? How many of these units, do you expect, will house low to moderate income individuals and families? Would that money not be better spent under initiatives and programs that are truly designed to house those from moderate to low incomes and not going to developers creating market rental housing, if as the goal states, those incentives are to address insufficient supply of rental and affordable housing. (p.19)
To see the Implementation Plan document (from Florence Stratton): 1) Google City of Regina 2) Click on City of Regina Residents 3) On left, click on City Council and Committees 4) Scroll down to View Meeting Calendar, Agendas and Decisions and click on it 5) Scroll down to Executive Committee Wednesday May 29 and click on Agenda 6) Scroll down to Comprehensive Housing Strategy Implementation Plan and click on it. 7) A bunch of documents will appear on the right side of the screen. Appendix A is the Implementation Plan