Political Panel talks Mayor's Home Owners Incentive Plan, Council's Reaction,Strong Mayor's Powers and More.

About this episode

The episode discusses the Mayor's Home Ownership Incentive Plan and its implications with community leaders.

Today, community leaders, Mojdeh Azad and Paul Hubert are joining me to talk about the Mayor’s “Home Ownership Incentive Plan”. He called it his “Big Announcement” at the London Chamber of Commerce State of the City Address held back in January. He used what are called, “Strong Mayor’s Powers” to direct staff to develop the plan quickly and, since that time, the idea has received a bit of a rough ride from many of London’s other 14 members of council. It left a lot of us wondering, what might happen next. The Back Story: In January, the mayor used his strong mayor powers to direct staff to develop, what he calls, an “Affordable Home Ownership Incentive Plan”. Essentially, and it’s more complicated than this, the plan could provide approximately 260 individuals and families, who purchase a newly built home within a certain time frame, with the equivalent of a Twenty to just over Fifty Thousand Dollar rebate depending on the size of the home - think of a small apartment all the way up to a single family home, all sold for less than $630,000, which is considered at or below the average for homes sold in London these days. What does this Twenty to Fifty Thousand Dollar rebate…

People in this episode

Host: Matt Brown

Guests: Mojdeh Azad, Paul Hubert

Topics covered

• Home Ownership Incentive Plan
• Strong Mayor's Powers
• City Council Reaction
• Affordable Housing
• Community Leaders

Keywords

• Home Ownership
• Incentive Plan
• Strong Mayor's Powers
• Development Charges
• Affordable Housing

Mentioned in this episode

Organizations: London Chamber of Commerce

Places: London

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