Proposed Designation of a Community Improvement Project Area; and Repeal and Replacement of the 2011 Affordable Housing Community Improvement Plan with a new 2025 Affordable Housing Community Improvement Plan
File Number: O2502
Applicant: City of Peterborough
Public Meeting: Council Chambers, City Hall at 6:00 p.m. on Monday, May 12, 2025
Description
The city is proposing the following:
1) Designate, by By-law, an expanded Community Improvement Project Area (CIPA) for the new Affordable Housing Community Improvement Plan (2025); and
2) Repeal and replace the ‘2011 Affordable Housing Community Improvement Plan’ with a modernized ‘2025 Affordable Housing Community Improvement Plan’ entitled ‘2025 Affordable Housing Community Improvement Plan (AHCIP)’.
The proposed Community Improvement Plan (File O2502) is intended to incentivize the creation of affordable housing. Municipalities are authorized to create Community Improvement Plans (CIPs) under the Planning Act to issue financial incentives, such as grants and/or loans, to promote desirable development. Section 28 of the Act allows the City, through enabling policy in the Official Plan, to designate, by By-law, a ‘Community Improvement Project Area’ (CIPA) and prepare and adopt a Community Improvement Plan for such an area.
Therefore, City Council will consider the adoption of a By-law to designate a ‘Community Improvement Project Area’ (CIPA) for the purpose of modifying and expanding the area to plan for and incentivize the creation of affordable housing units. The proposed CIPA is City-wide.
To adopt the newly proposed ‘Affordable Housing Community Improvement Plan' (AHCIP), inclusive of a Municipal Incentive Grant Program, a Municipal Housing Facility Program and an Affordable Housing Tax Increment Based Grant Program.
The objectives of the Affordable Housing Community Improvement Plan are as follows:
- Providing for public sector investment in affordable housing opportunities;
- Stimulating private sector investment in the provision of affordable housing;
- Promoting the renovation and reuse of underused properties;
- Promoting sustainable development including energy efficiency through the development of affordable housing projects; and
- Ensuring affordable and non-profit housing developments are exempt from municipal development charges, reducing financial barriers and supporting the creation of deeply affordable housing.
The AHCIP introduces eligibility requirements and administrative processes for all programs under this CIP.
The Municipal Incentive Program is amended to provide upfront capital incentives of up to $80,000.00 per affordable unit as a strategic investment to support the financial feasibility of affordable housing development.
Statutory Public Meeting
Pursuant to Sections 28 of the Planning Act, R.S.O., 1990, c.P.13, the City of Peterborough General Committee will hold a Public Meeting in the Council Chambers, City Hall at 6 p.m. on Monday, May 12, 2025. A staff report will be available by noon on the City’s website on Thursday, the 8th day of May 2025.
Additional information
Additional information and materials relating to the proposed Community Improvement Project Area and Community Improvement Plan, including information about appeal rights may be obtained from the Planning, Development and Urban Design Division, City Hall, (8:30 a.m. to 4:30 p.m., Monday to Friday) at 705-742-7777. For more information contact the Policy & Research Planner, Planning Division.