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The City of Peterborough is consulting the public on the creation of a Municipal Affordable Housing Services Corporation to enable it to manage the debt needed to build affordable housing in the community.
Photo courtesy of Peterborough Housing Corporation.
The public is invited to consult the information on the project and send their comments to connectptbo.ca/msc.
The establishment of a Municipal Services Corporation, or MSC, would allow the City to retain control over future housing development projects. Additionally, an MSC operating as a public enterprise (EPG) would reduce the City’s debt capacity issues, allowing for new approaches to developing rental housing.
The results of this consultation will be included with recommendations for the creation of the Municipal Services Corporation in a report that is expected to be considered by Council in May.
Further information, including general information on municipal service companies and previous reports to council, is available at connectptbo.ca/msc.
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