October 10, 2007
Land Development Profits Would Revitalize Inner-City Neighbourhoods: Mackintosh
– – –Minister Reintroduces Housing and Renewal Act Amendments
Profits from suburban land development would be directed toward renewal of inner-city neighbourhoods under legislation reintroduced today by Family Services and Housing Minister Gord Mackintosh.
“We can build vibrant new communities while renewing existing neighbourhoods,” said Mackintosh. “This legislation will allow us to direct suburban land development profits to support areas in need such as Winnipeg’s older communities.”
The proposed amendments to the Housing and Renewal Act would establish a new housing and development fund which would utilize a criteria-based approach to support housing projects in areas of need. This would allow the Manitoba Housing and Renewal Corporation to redirect profits to improve housing including building new homes or renovating and rebuilding existing housing.
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