Chapter B - Communities 3.2.2.2
The City shall monitor the policies of Section B.3.2 – Housing and B.2.2 – Residential Intensification, for progress in achieving the housing targets of Policy B.3.2.2.1 and Tables B.3.2.1 and B.3.2.2 – Housing Targets.
Table B.3.2.1 – Housing Targets - Ownership Target Type New Ownership Housing (not affordable) New Ownership Housing Affordable to Low & Moderate Income Households (includes housing with supports) Total New Ownership Housing
Target # of Units Annually
% of Total Annual Target by Tenure
948
42.3%
1291
57.7%
2239
100%
Product to Achieve Target New and resale homes
New and resale homes
Methods to Achieve Target Housing market Housing market, lowdown payment options, first-time buyer programs, support services
Table B.3.2.2 – Housing Targets - Rental Target Type
Target # of Units Annually
% of Total Annual Target by Tenure
New Rental Housing (not affordable)
252
40%
New Rental Housing Affordable to Moderate Income Households (includes housing with supports)
125
20%
New Rental Housing Affordable to Low Income Households (includes housing with supports)
252
40%
Total New Rental
629
100%
B.3 6 of 55
Product to Achieve Target New rental housing, both primary and secondary market (rented condos, second dwelling units) New rental housing, both primary and secondary market (rented condos, second dwelling units) between average market rent and 20% below average market rent New primary rental housing, more than 20% below average market rent
Methods to Achieve Target Primary rental housing development, conversion to rental residential, secondary rental market (rented condos, second dwelling units) Same as above but requires capital assistance program (e.g. COAHP) and/or other assistance to lower development cost, as well as support services
Same as above but requires rent-geared-toincome housing assistance (e.g. rent supplement, housing allowance), as well as support services
Urban Hamilton Official Plan MMAH modified - March 2011