RESIDENTIAL DEVELOPMENT IN MOUNT PEARL: ACTION PLAN

The Canadian government continues to implement initiatives to improve housing accessibility for its citizens. Housing remains a key focus area for the government, and collaboration with municipalities and other stakeholders is crucial to achieving this goal.

 

On February 26, 2024, an agreement was announced between the Canadian government and the city of Mount Pearl to expedite housing construction. According to the agreement, the Canadian government will provide $6.1 million to implement low-income housing initiatives. The project is named the ‘Housing Accelerator Fund’ (HAF) and aims to complete the construction of 180 housing units over the next 3 years. This is just the beginning, as Mount Pearl plans to accelerate the construction of 2000 homes over the next decade.

 

The plan involves making changes to zoning plans, increasing building density in the central part of the city, while providing support for infrastructure and affordable housing. It also aims to diversify housing options to meet the community’s needs.

 

Overall, Mount Pearl’s initiatives include:

 

  1. Review and Update of the Municipal Plan: Considering rapid changes in residents’ needs, Mount Pearl plans to quickly review and update its municipal plan, improving implementation procedures.
  2. Electronic Permits: Introducing online application submission, approval, and progress tracking.
  3. Business Incentives: Implementing incentive programs and permit fee reductions to attract investments to the city.
  4. Housing Needs Assessment and Recommendations Development: Conducting a thorough assessment of the community’s housing needs and developing recommendations to meet the diverse community needs.
  5. Affordable Housing Reserve Fund: Establishing a fund to support affordable housing.
  6. Municipal Asset Assessment: Reviewing and assessing the city’s infrastructure readiness for development.
  7. Relationship Management: Creating a team to facilitate development and ensuring convenient contact for builders.

 

Expectations

 

Seamus O’Regan, Minister of Labour and Pensions, emphasized the importance of this partnership, stating that it opens new opportunities for building affordable housing and improving the quality of life for working families.

Mount Pearl Mayor Dave Aker noted that this funding will enable the city to move forward with its strategic growth and development plan. His hope is to create new opportunities for all residents and establish a unique and diverse living environment.

We hoped that this partnership marks a new stage in the development of housing construction in Mount Pearl, promising prospects for the future housing of Canadians in this region.

 

 

To view the press release, please click on picture.

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