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By JonC (registered) | Posted September 10, 2009 at 17:02:40
Downtown is already one of the cheapest places in Hamilton to live (which is the opposite of how a city should be developed), so I don't see why a private developer needs 18M to further reduce the cost of renting downtown. Before I bought a home, I was renting a two bedroom steps away from the GO station, for under $700/m, unsubsidized, and there were cheaper options available. 18M could build a lot of housing anywhere in the city. So a private corporation is looking for a handout of 180k, per unit, for low income housing. That is insane. Just buy homes outright and rent them, or rent to own. Whatever. 18 million. give me a break.
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