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INITIATIVE #9 – Incentives to Encourage the Creation of Affordable Housing

Updated: July 18, 2024

The Municipality of Chester’s Housing Needs Report found that as of the end of 2022, there was a gap between housing demand and available supply of about 335 units. Historical construction trends indicate this gap will continue to grow unless our pace of construction increases. Additionally, affordability of housing is a significant risk for current and future residents of the Municipality. Currently, 85% of households have estimated income levels that are below the threshold required to afford the median-priced home within the Municipality.

Work underway with FBM will help identify barriers that prevent the construction of affordable housing units within the Municipality and propose solutions. This project is supported by funding from the Federal Government’s Housing Accelerator Fund (HAF) and we anticipate proposing a series of incentives to encourage developers and not-for-profits to create affordable and attainable units throughout the Municipality.

More details will be shared as they are developed.

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