Affordable housing means housing that costs 30% or less of a household’s before-tax income. This definition comes from the Canada Mortgage and Housing Corporation (CMHC) and helps ensure people can afford other basic needs like food and transportation.
Huntsville has a higher share of lower to modest income households, with 55.3% of households earning less than $80,000 per year after tax, compared to 50.3% in Ontario; nearly 38% of households earn less than $60,000 a year after tax.
Huntsville is working to provide affordable housing for households with moderate incomes. The province has set thresholds for each municipality to establish affordable homes for the purpose of Development Charges, these thresholds can be found on the Ontario Data Catalogue.
- For homeowners, affordable housing means homes priced at $355,700.
- For renters, affordable housing means monthly rents of $891 to $1,391.
In addition, Huntsville has set affordable rates through a Town policy and adjusts the thresholds annually through the fees and charges by-law (schedule D).
