{"id":67344,"date":"2023-08-04T14:32:09","date_gmt":"2023-08-04T18:32:09","guid":{"rendered":"https:\/\/sutton.ca\/staging\/?p=67344"},"modified":"2023-08-04T14:32:32","modified_gmt":"2023-08-04T18:32:32","slug":"a-new-affordable-housing-project-on-the-horizon-for-sutton","status":"publish","type":"post","link":"https:\/\/sutton.ca\/staging\/en\/a-new-affordable-housing-project-on-the-horizon-for-sutton\/","title":{"rendered":"A new affordable housing project on the horizon for Sutton"},"content":{"rendered":"\n

– PRESS RELEASE – <\/strong><\/p>\n\n\n\n

At its August 2 meeting<\/a> (resolution 2023-08-312, in French only)<\/strong>, Town Council approved the signing of a memorandum of understanding between the Town of Sutton and Solutions Immobilier Solidaire (SiS) to evaluate, by December 31, 2024, the feasibility and profitability of developing a perpetually affordable housing project on the municipal land adjacent to Les Villas des Monts de Sutton on Western Street. <\/strong><\/h3>\n\n\n
\n
\"\"<\/figure>\n<\/div>\n\n\n

\u201cThe council welcomed this proposal with unanimous enthusiasm,\u201d declared mayor Robert Beno\u00eet. \u201cIt’s very good news, and in line with our reaffirmed goal of developing affordable housing for families with modest incomes. The project is another step in our ongoing efforts to increase the supply of affordable housing.\u201d In fact, in addition to supporting the HAS project, which is currently building 18 affordable housing units on Principale Sud Street, the Town intends to rapidly put in place regulatory measures such as the conversion of accessory buildings to residential use, a ban on converting rental units to condominiums, and the obligation to retain at least one rental unit in the case of conversion of use, for example, from residential to commercial.<\/p>\n\n\n\n

\u201cThe possibility of using vacant municipal land for social purposes of affordable housing is an avenue that many municipalities that want to take action are exploring,\u201d added the mayor. \u201cIt’s an excellent way of realizing our goals of adding housing supply, especially for low-and-moderate-income citizens. We are convinced of the relevance of this structuring project for our community.\u201d<\/p>\n\n\n\n

SiS, a recognized organization in the region<\/strong><\/h3>\n\n\n\n

Solutions Immobilier Solidaire (SiS), a non-profit organization, is already exploring collaborations with other municipalities in the region. The Brome-Missisquoi MRC has lent its support to SiS in obtaining funding from a number of financial backers to create an MRC-wide Community Land Trust (CLT) and carry out projects like the one in Sutton.<\/p>\n\n\n\n

The CLT is an innovative real estate model that originated in the United States<\/a> and is now spreading around the world, and now to Quebec. Among other things, the CLT makes it possible to create and protect affordable housing by eliminating the value of the land and limiting rent or sale price increases.<\/p>\n\n\n\n

Clear, achievable objectives<\/strong><\/h3>\n\n\n\n

During the planned 18-month project evaluation period, specific objectives were set by the Town of Sutton to achieve its goal of adding perpetually affordable housing to its housing stock:<\/p>\n\n\n\n