Developer ends affordable housing partnership with province
Clayton Developments is working with non-profits to build 373 units
A major developer is walking away from almost $22 million in provincial funding for affordable housing and will instead partner with non-profit groups on a project in Dartmouth, N.S.
Clayton Developments is building 875 units as part of its Mount Hope development. Of those units, 373 are designated as affordable.
The company was to receive a per-door subsidy from the province once those units were complete, but Housing Minister John Lohr confirmed to reporters on Thursday that the deal is off.
“We’re disappointed,” said Lohr. “It’s clearly a business decision.” …[Continue Reading]