Housing policy changes open door for affordability in Regina
The City of Regina is streamlining the building process for developers working on affordable housing projects.
On Wednesday, Executive Committee moved forward with amendments to the Housing Incentives Policy (HIP).
HIP is a $1.5 million grant, which is funded through the city’s social development reserve.
“We incentivize developers to include [affordable] units versus require it,” city administration told committee. “The market is different [in Regina] than in Toronto or Vancouver where you have to protect the development of affordable housing or you won’t have it at all.”
“Three of the five years [of the program] we’ve given all that money,” explained Mayor Sandra Masters. “In two of them, we haven’t.”
“That’s indicative of needing to continue to get out of the way and incentivize more contstruction,” she added.
The 2024 application period for the HIP funding will open following council approval.
Given executive’s unanimous vote, it’s expected council will do the same.
Amendments
Since executive’s last sitting, Regina has amended some bylaws to increase density and add housing supply.
The HIP amendments include:
- Allowing conditional funding commitments earlier in project development to proactively support affordable housing developments;
- Increasing flexibility in reporting of affordable units to reduce vacancies and decrease administrative complexity;
- Allowing unallocated HIP funds from previous years to be committed under the HIP in subsequent years where applications exceed the annual HIP budget;
- Updating the Design and Development Criteria Scorecard, including expanding the list of vulnerable groups to align with the National Housing Strategy;
- Transferring Executive Director authorities in the policy to the City Manager to reflect changes to administration area;
- Allowing the City Manager, or designate, to make minor substantive changes to the policy where a specific provision conflicts with the program objectives;
- Allowing the Director responsible for housing to make housekeeping amendments to the policy;
- Delegating some authorities from the executive level to the Director and Branch Manager, responsible for housing, to streamline approvals for business-as-usual decisions;
- Amending policy language to improve clarity and administration of HIP.
These changes could increase the supply of affordable units. The incentives are given out on a per-unit basis.
“Some projects are 100 per cent affordable,” admin said. “Others are a percentage.”
Rental vacancies
The amendments come as the province’s rental vacancy hits an all-time low
The Canada Mortgage and Housing Corporation says Saskatchewan’s apartment rental vacancy was at 2.4 per cent in October 2023, down from 4.1 per cent a year prior.
Average rent costs have also increased from $1,162/month in 2022 to $1,276 in 2023.
“Getting more rental units into market is vitally important for rent to stay at a lower rate,” Masters explained.
CTVNews.ca Top Stories
![](https://www.ctvnews.ca/polopoly_fs/1.6944496.1719545086!/httpImage/image.jpg_gen/derivatives/landscape_800/image.jpg)
A halting Biden tries to confront Trump at debate but stirs Democratic anxiety about his candidacy
A raspy, sometimes halting U.S. President Joe Biden repeatedly sought to confront Donald Trump in their first debate ahead of the November election, as his Republican rival countered Biden’s criticism by leaning into falsehoods about the economy, illegal immigration and his role in the Jan. 6, 2021, Capitol insurrection.
Analysis of the CNN Presidential Debate between Joe Biden and Donald Trump
U.S. President Joe Biden and former president Donald Trump went head-to-head in the first of two planned presidential debates.
FACT FOCUS: Here's a look at some of the false claims made during Biden and Trump's first debate
President Joe Biden and former President Donald Trump traded barbs and a variety of false and misleading information as they faced off in their first debate of the 2024 election.
Fines related to neighbour's 443 noise complaints at centre of B.C. dispute
A B.C. condo owner who was fined tens of thousands of dollars over hundreds of noise complaints made by his downstairs neighbour was partially successful in having the penalties overturned.
EXCLUSIVE Canadian lawyers play key role in money laundering, says financial intelligence report
A report by Canada's financial watchdog obtained by the Investigative Journalism Foundation working in collaboration with CTV News looked at Canadian lawyers' potential role in money laundering schemes, including those by organized crime groups like biker gangs and drug cartels.
Legal action coming to recover COVID benefit overpayments
The Canada Revenue Agency says it is ramping up efforts to recover overpayments of pandemic-related benefits.
'Hanging on for her life': Sask. family desperate to bring home sick niece from Philippines
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it’s a matter of life or death.
'No additional flights will be cancelled': WestJet avoids strike as feds order binding arbitration
The federal government ordered binding arbitration in the labour dispute between WestJet and the Aircraft Mechanics Fraternal Association (AMFA) on Thursday.
Ottawa police warn residents to avoid Facebook Marketplace when looking for a place to rent
Ottawa police are going as far as to tell people to stay away from Facebook Marketplace altogether when looking for a place to rent because of the prevalence of scams.