Seniors Housing Intensification Initiative
What is the Seniors Housing Intensification Initiative?
The Seniors’ Housing Intensification Initiative intends to inform and enable seniors around a suite of intensification housing solutions that can meet the needs of aging-in-place, downsizing, and affordability.
This solution direction could create a senior-specific funding stream to create or renovate second units in a senior’s home, including:
Basement units
Duplexes
Modular/garden suites
What could this solution involve?
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Targeted communication to seniors about the option of adding secondary units
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Local levels of government offering guidance around the planning and approval process
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Providing forgivable loans with conditions (e.g., renting out secondary units at an affordable rate, renting to other seniors)
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Working closely with each municipality so the program can meet shared goals