October 13, 2017
The construction of five multiple-residential buildings containing a total of 127 units on a 1.94 hectare property located at 425 Highview Drive received site plan approval at Huntsville’s planning committee on October 11, 2017.
For 20 years, 65 per cent of the units, made up of one and two bedroom apartments, will rent at 20 per cent below market value, as determined by Canada Mortgage and Housing Corporation (CMHC). In exchange, the Town will allow a slight increase in permitted density on the lands from 60 units per hectare (2.47 acres) to 65.5 units per hectare.
“That’s a great exchange,” said Huntsville Deputy Mayor Karin Terziano.