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Development Corp Slams City Over Housing Cuts

March 13, 2011 7:04 AM | News

By David Klassen

Inner-city housing is in jeopardy according to the West Broadway Development Corporation.

The Corporation says the recent approval of the city’s 2011/12 operating budget reduced funding for the Housing Rehabilitation Reserve (HRIR) by 50 percent.

The cuts reduce previous funding commitments from $1 million to $500,000 and and move it to the Home Renovation Tax Assistance.

“To shift this funding towards a program that is virtually inaccessible to our lower-income communities is short-sighted and will most likely contribute to increasing property decline and lowered quality of life for our poorest residents,” said Robert Neufeld, executive director of the North End Community Renewal Corporation.

Inner-city housing groups and concerned citizens will present their issues to the Executive Policy Committee at 9 a.m. on Monday morning. To register to share your opinion, call 311.