“Today’s NDP to Help Develop 2500 New Private Market Rental Housing Units” Selinger

Sep 24, 2011 | Government News

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Building more housing choices for renters

Today’s NDP will support the development of 2500 new private-sector rental housing units across the province.

Greg Selinger

“Our population is growing and more young families than ever before are building their futures here. We understand the challenges facing renters, especially young people, seniors, and low-income families, in our low-vacancy rental market,” said Premier Greg Selinger. “This investment will help provide more housing choices for renters.”

With rental vacancies at 1%, it’s getting more difficult for young people starting out in their own place and seniors who want to move into the rental market to find housing. Today’s commitment will help relieve some of the pressure on those looking to rent.

The plan to support the private construction of 2500 new units will include:

  • 500 new rental units across the province supported by a new $25 million grant that will be made available to private developers building new housing at or below median level rents.
  • 1000 new rental units in downtown Winnipeg and Brandon, supported by Tax Increment Financing (TIF). TIF reinvests the incremental property taxes generated by a new housing project back into the project itself over a period up to 15 years.
  • 1000 new units of multi-family and seniors rental housing that will be
  • developed on provincially owned lands in suburban Winnipeg, such as Waverly West and Meadows West in north Winnipeg.

Today’s NDP continues to invest in new affordable housing and protect Manitobans from excessive rent increases.

Hugh McFadyen’s PCs say rent controls should be abandoned.

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