• Cochrane Calendar

    • Fri 2/10/2012: Ghost Watershed Alliance Society Annual Benefit Concert
    • Sat 2/11/2012: Pet-i-Cure Fundraiser
    • Fri 2/17/2012: Springbank United Church Friday Night Live Gathering
    • Mon 2/20/2012: Family Day
    • Sat 2/25/2012: Danny Michel

    View Full Calendar

  • Register - It's Free!

Town looks at affordable housing

September 10, 2008
By: admin
Print This Post

By Brad Herron
The Eagle
Town council will need to provide $277,085 to start an affordable-housing pilot project in Cochrane.
After hearing a report from Corinne Burns, Cochrane’s affordable-housing co-ordinator, council unanimously directed administration to include bridge funding into the 2009 budget Sept. 8.
If approved during budget proceedings, the town will purchase two duplex units.
One duplex will be sold as perpetually affordable housing, the other will be a rental.
The town has already received $646,532 from the Provincial Affordable Housing Block Funding.
The perpetually-affordable unit will be controlled by the municipality, but sold to a private buyer at 30 per cent of market value.
If the owner decides to sell, the property must be sold back to the town at a predetermined value.

No related stories.

  • Filed under Archives | Both comments and pings are currently closed.

Comments are closed.

Editor's Note: Comments that appear on the site are not the opinion of the Cochrane Eagle, but only of the comment writer. The Cochrane Eagle appreciates your comments, but keep 'em clean. Foul language and defamatory statements will not be permitted. The Eagle reserves the right to edit or delete the comments, which are intended to be a vehicle for community discussion. We also require that you share your name with Eagle readers.