City considering funding 30 subsidized down payments at 10 Wilby

On March 19, City Council will consider helping 30 new home buyers at 10 Wilby Crescent.

City staff have recommended that $750,000 be put aside to help fund thirty $25,000 down-payment subsidies for condominiums in the new development, which will have 234 homes.

The subsidized down-payments come with strings attached: when the house is sold or is unoccupied, the money must be repaid.

 

Author: Adam Norman

I am raising my two children in Weston.