What we do
The housing continuum encompasses all types of housing in the community, of which, the City is responsible for ensuring adequate availability of affordable housing. The County of Wellington is the Consolidated Municipal Services Manager (CMSM) for the delivery of Social Services which includes Social Housing as authorized by the Services Improvement Act and the Social Assistance Reform Act.
The City has an approved Affordable Housing Strategy and an associated Affordable Housing Financial Incentive Program that identifies the eligibility priorities for financial assistance for the development of affordable housing units in the city.
Why we do it
Providing financial incentives to spur the development of affordable housing units in the city contributes to the goals of the Building our Future priority. This program contributes to increasing the availability of housing which in turn has proven to be the basis for building strong, safe and healthy communities that foster resilience in the people who live here.
Operating budget—Revenues and expenses
2021 budget impacts
- The Affordable Housing Financial Incentive Program is funded at a transfer of $500,000 per year, which is the level that was approved by Council at the time of the policy adoption.
- $150,000 approved transfer from Affordable Housing Reserve for staffing resources if needed.
2022 to 2024 budget impacts
$0 net increase in budget in 2022 to 2024
- The Affordable Housing Financial Incentive Program is funded at the level that was approved by Council at the time of the policy adoption.