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10 economist suntribune housing thursday june 27 2002 apartments social housing in regions plans from page 1 500 units will be built by the private sector over the next three years the region is encouraging a mix of social housing rental apartments and home ownership regional staff and politi cians have long recognized incentives are needed to bring private builders on board the strategy outlined for the regions housing and social services committee last week identified several ways the municipality can entice the private sector to help build affordable apart ments and homes the region has already started offering breaks on development charges and property taxes providing financing for projects and making available federal money from a fund devoted to creating affordable hous ing in ontario this fall council will con sider a bylaw to enable the region to employ the avail able incentives individual projects will be analyzed and if they meet the regions criteria bylaws will be passed to allow breaks for developers she said each project would be brought forward based on its merits ms patterson told the committee the federal government would contribute as much as 25000 for each housing unit provided the munici pality and province match the contribution the region is pledging to make the funding scheme work even though the province has not offered any new money ms patterson said queens park has indi cated it will waive provincial sales tax up to 2000 per unit under the federal fund- to all those whod give anything for a mini 299 a month is actually qu ite reason able lease rates are those offered by mini financial services only on approved credit msrp for a 2002 mini cooper is 2495000 at a lease rate of 745 over 36 months is 29900 per month a down payment of 329000 is required as well as first months lease payment security deposit of approximately one months lease payment transport and preparation 129500 and all taxes upon signing total obligation which includes down payment all 36 monthly payments and transport and preparation is 1534900 plus tax options are available at an extra cost together with tax license registration and insurance annual kilometres limited to 20000 015 per excess kilometre delivery must be taken by june 30 2002 mini cooper above shown with 16 wheels included in the optional sport package available for an additional 30 per month please see dealer for complete details 2002 mini canada a division of bmw canada inc mini and the mini logo are trademarks of bmw ag used under licence by bmw canada inc mini markham a division of tbwncountry bmw 8111 kennedy road at hwy 407 kennedy 905 5138900 ing plan certainly were disap pointed the province is not contributing more to the program ms patterson said 5000 households are currently on waiting lists for assisted housing the region has some catching up to do since 1995 just 587 new rental units have been built in york region one of the nations fastestgrowing municipalities the vacancy rate hovers continually below 1 per cent 5000 households are currently on waiting lists for assisted housing the region manages about 7200 units quality affordable hous ing for middleincome fami lies is in short supply that affects not only the quality of life for families forced to set tle for less than satisfactory shelter but also hampers industry which needs a sta ble local labour force the region has taken action to address the prob lem in addition to a forum on housing in newmarket last november the munici pality has hosted meetings with various groups includ ing the greater toronto home builders association mr murphy said his asso ciation likes what it sees in yorks plan theyre covering the whole gamut of housing which is a very good thing and a positive thing he said but while politicians are willing to offer incentives they want to be sure they can continue to provide the infrastructure needed to sup port new development while giving builders breaks on the charges that pay for those sewer pipes roads parks and other services youre looking at 15 per cent of our lot levy fees being affected by this program said newmarket mayor tom taylor chairperson of the housing committee mr taylors municipality has led the way in providing breaks for builders last year newmarket passed a resolu tion giving development charge breaks to nonprofit housing projects and newmarket will be the site of an expanded assisted housing develop ment for seniors and the dis abled last week the housing see affordable page 18 custom raming photo frame diploma of f mm express gfluerv hwy 7 n t business hours mon fri 107 sat 106 sun closed 4721 hwy 7 iga plaza shoppers drug mart 9054749008 2 hr framing service world cup specials 0 watch the games win prizes have funn happy catsllsday ltijune2isi r visit our website gfethersmarkhan r call for details 129401 corner of hwy7 asthma we can help call the lung association