Affordable Housing Action Plan
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Consultation has concluded
The Affordable Housing Action Plan has been endorsed by Council.
What is the Affordable Housing Action Plan?
The Town of Aurora recognizes the need to be proactive in addressing the housing needs of current and future residents. The Affordable Housing Action Plan will serve as a guiding tool to establish municipal priorities, identify challenges, and support positive decision-making regarding housing in line with the overall visions and direction of the Town’s Official Plan and Regional and Provincial policies.
The Plan states that the Province is mandating that Aurora builds 8,000 new homes within 5 years with 20-30% being "affordable" homes costing $500,000 which is well below the average market value of a home in Aurora. How does a builder achieve this goal without building a Condominium? Otherwise, what does a $500K home look like and is it profitable to build? Thank you