262 replies to this topic

[Victoria Watcher]

It would cost much more if government built it.

 

I also do not want government building buildings.

 

But in the very rare exception where they partner with a private builder or developer to bring a project, let's have that project start and be planned from the ground up for purpose.  Not offered into a program at completion.

 

If the governemnt gives no money, those apartments will still become occupied at the very least at market rents, after the bankruptcy pans out.  So we are getting the housing one way or another.

 

Better that Geric and the banks gives up that $20M (or whatever the current shortfall is), than taxpayers.

Edited by Victoria Watcher, 28 April 2026 - 07:22 AM.

[Mike K.]

Let’s see what happens. I’m not too worked up over this. A developer is doing what council has asked for. The feds have money for projects that align with local housing goals. If this project doesn’t meet the requirements governments have put out there, then it’ll revert back to market rental.

[Victoria Watcher]

The feds have money for projects that align with local housing goals.

 

This housing has now been created with no government money.  It's ready.

 

Why add a bunch of government money now?  Use the government money to spur a new build.