Share Feedback on Proposed Amendment Supporting Multi-Residential Development in Strategic Areas
Nov 24, 2023
Residents are being asked to provide feedback on a proposed amendment to the Strategic Core Areas Community Improvement Plan (CIP). The amendment would encourage multi-residential development along the city’s Strategic Corridors.
The Strategic Core Areas CIP currently provides several grants or loans to reduce the cost of development within the city’s core areas. The Strategic Corridors are defined as portions of LaSalle Boulevard, Notre-Dame Avenue, The Kingsway, Barry Downe, Regent Street, Paris Street, Lorne Street, Long Lake Road, Errington Avenue and Highway 144.
The proposed amendment would support multi-residential housing in the strategic core areas, and would include:
- Financial incentives composed of Tax Increment Equivalent Grants (TIEG) targeted at the creation of multi-residential units along the identified corridors,
- Program parameters offering five-year TIEGs for developments with 30 to 100 dwelling units and 10-year TIEGs for developments with more than 100 dwelling units, and
- A limited duration of the CIP program to encourage the rapid creation of rental housing.
Residents are invited to attend one of two virtual open houses being held on Wednesday, November 29, 2023, from 6 to 6:30 p.m. and Thursday, November 30, from 2 to 2:30 p.m. A short presentation will begin the session and will be followed by a question-and-answer period.
A public hearing will be held on Monday, December 4, 2023, at 1 p.m. in Council Chamber. Residents can participate in the public hearing virtually, in person or by submitting comments in writing. Those interested in participating at the public hearing electronically must register to speak by 4 p.m. one business day prior to the date of the hearing.
For more information on participating in the planning process, visit www.greatersudbury.ca/publichearings.
The full report will be available as part of the December 4, 2023, Planning Committee agenda at www.greatersudbury.ca/councilmeetings.
For more information or to share your thoughts on the proposed amendment, visit https://overtoyou.greatersudbury.ca/scacip-2.