The City of Armstrong has a policy in place for renting out its six units at the new Heaton Place seniors facility.
Each unit is a one-bedroom, 685-square-foot strata unit where successful applicants could have a rent subsidy of up to 41 per cent if they meet certain specifications.
“Council wanted to ensure that the six units would remain attainable units, for the community,” said Armstrong administrator Patti Ferguson.
Revenue derived from the rentals would provide the beginnings of funding for an affordable housing reserve established by council intended to lead to partnership opportunities with others that will provide for more affordable housing options.
The city is also in negotiations with an unnamed organization to manage the tenancy reviews of applicants at this time.
“Should anyone who meets the criteria contained in the policy, and wish to indicate their interest, they are welcome to fill out an application form available at city hall,” said Ferguson.
The city hopes that tenancy of the six units will be possible for early January 2012.