Council approved the purchase of two pieces of property for $90,000 that it intends to use to help address the regional and local housing shortage.
The properties are located on Ottawa Avenue and just off of South Albion Street. The latter property will enable the town to consolidate the South Albion Street land with an undeveloped, town-owned, four-acre subdivision known as Blaine Street. Funding for the purchase is coming from the town’s capital budget.
The town plans on issuing Requests for Proposals on both properties that will seek developers who will purchase the lands at fair market value and agree to develop, in a timely manner, housing projects at those sites.
Council believes this project will help address the housing shortage that currently exists in the town.
As part of the project and before it can proceed, the town will be moving to officially close the undeveloped Blaine Street as required by the Municipal Government Act.
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