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Fredericton hopes bonus incentives attract affordable housing development


The City of Fredericton says bonus incentives can help make affordable housing more attractive to developers.
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Posted: Mar 02, 2021 6:22 PM AT | Last Updated: March 2
Fredericton is hoping incentives can coax more developers into including affordable housing units in their projects.(City of Fredericton)
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The City of Fredericton is hoping  bonus incentives can help make affordable housing more attractive to developers.
Currently under the city s zoning bylaw, developers can get more units in their build if some of those units qualify as affordable under the province s Affordable Housing Program. 
But, Marcello Battilana, the manager of community planning at the City of Fredericton, says because the vacancy rate is so low less than two per cent there s little need for developers to include affordable housing in new builds.  ....

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