The owners of 51 Keewenaw Drive in Copper Ridge, seen here on Aug. 4, have applied for a development incentive for the second phase of the housing development there. Another 12 units will be added to the property, in addition to those built in the first phase. (Crystal Schick/Yukon News)

Development incentives considered for three projects

Projects will add 24 rental units to the market

The City of Whitehorse development incentive program is doing exactly what is intended, resulting in more housing units in the city, says Coun. Steve Roddick.

Roddick made the statement at Whitehorse city council’s Aug. 3 meeting where three proposed incentive agreements came forward for council’s consideration.

The incentives provide grants for a portion of or all the development cost charges associated with the projects. Those building four or more rental or supported housing units may also be eligible for an annual tax grant for up to 10 years based on improvements to the property. Those receiving the grants would get up to a maximum of $500,000 over the 10 years. Annually, the grant cannot exceed a maximum of $50,000.

As Roddick put it, there’s a trade-off for the city in providing the funding, but the end result is more housing becoming available.

“It’s working,” he said.

In this case, the city is faced with three new rental developments bringing a total of 24 units to the city.

The largest is at 51 Keewenaw Dr. in Copper Ridge for a 12-unit development planned as the second phase of development there.

Under the agreement, the developer would be granted a reduction in development cost charges and the 10-year property tax grant.

“The development agreement lists the maximum value of $500,000, the timeline for the tax grant payments, and specifies that the building must be operated as rental housing for a minimum of 10 years or else the proponent will be required to repay the city for all grants disbursed,” acting planning manager Greg Stone stated in a report to council. “Other conditions that the developer/property owner must meet to remain eligible for the grants are also specified.”

The agreement also outlines that the units cannot be used as short-term rentals, such as overnight stays that can be booked on sites like Airbnb.

The other two incentive agreements for the rental developments at 1306 Centennial St. and 24 Wann Rd., both in Porter Creek, would also be in the form of grants for the development cost charges and property taxes up to $500,000 for a maximum of 10 years.

While an eight-unit rental development is being built at the Centennial Street property, a four-unit development is planned for the Wann Road property.

Council will vote Aug. 10 whether to approve each of the proposed incentive agreements.

Contact Stephanie Waddell at stephanie.waddell@yukon-news.com

Whitehorse city council

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Children’s performer Claire Ness poses for a photo for the upcoming annual Pivot Festival. “Claire Ness Morning” will be a kid-friendly performance streamed on the morning of Jan. 30. (Photo courtesy Erik Pinkerton Photography)
Pivot Festival provides ‘delight and light’ to a pandemic January

The festival runs Jan. 20 to 30 with virtual and physically distant events

The Boulevard of Hope was launched by the Yukon T1D Support Network and will be lit up throughout January. It is aimed at raising awareness about Yukoners living with Type 1 diabetes. (Stephanie Waddell/Yukon News)
Boulevard of Hope sheds light on Type 1 diabetes

Organizers hope to make it an annual event

City of Whitehorse city council meeting in Whitehorse on Oct. 5, 2020. An updated council procedures bylaw was proposed at Whitehorse city council’s Jan. 18 meeting that would see a few changes to council meetings and how council handles certain matters like civil emergencies. (Crystal Schick/Yukon News file)
Whitehorse procedures bylaw comes forward

New measures proposed for how council could deal with emergencies

A Yukon survey querying transportation between communities has already seen hundreds of participants and is the latest review highlighting the territory’s gap in accessibility. (Crystal Schick/Yukon News file)
Multiple reports, survey decry lack of transportation between Yukon communities

A Community Travel survey is the latest in a slew of initiatives pointing to poor accessibility

Mobile vaccine team Team Balto practises vaccine clinic set-up and teardown at Vanier Catholic Secondary School. Mobile vaccine teams are heading out this week to the communities in order to begin Moderna vaccinations. (Haley Ritchie/Yukon News)
Mobile vaccine teams begin community vaccinations

“It’s an all-of-government approach”

A file photo of grizzly bear along the highway outside Dawson City. Yukon conservation officers euthanized a grizzly bear Jan. 15 that was originally sighted near Braeburn. (Alistair Maitland/Yukon News file)
Male grizzly euthanized near Braeburn

Yukon conservation officers have euthanized a grizzly bear that was originally sighted… Continue reading

Mayor Dan Curtis listens to a councillor on the phone during a city council meeting in Whitehorse on April 14, 2020. Curtis announced Jan. 14 that he intends to seek nomination to be the Yukon Liberal candidate for Whitehorse Centre in the 2021 territorial election. (Crystal Schick/Yukon News)
Whitehorse mayor seeking nomination for territorial election

Whitehorse mayor Dan Curtis is preparing for a run in the upcoming… Continue reading

Gerard Redinger was charged under the <em>Civil Emergency Measures Act</em> with failing to self-isolate and failing to transit through the Yukon in under 24 hours. (Joel Krahn/Yukon News file)
Man ticketed $1,150 at Wolf Creek campground for failing to self-isolate

Gerard Redinger signed a 24-hour transit declaration, ticketed 13 days later

Yukon Energy, Solvest Inc. and Chu Níikwän Development Corporation are calling on the city for a meeting to look at possibilities for separate tax rates or incentives for renewable energy projects. (Crystal Schick/Yukon News file)
Tax changes sought for Whitehorse energy projects

Delegates call for separate property tax category for renewable energy projects

Yukon University has added seven members to its board of governors in recent months. (Crystal Schick/Yukon News file)
New members named to Yukon U’s board of governors

Required number of board members now up to 17

Yukonomist Keith Halliday
Yukonomist: Your Northern regulatory adventure awaits!

“Your Northern adventure awaits!” blared the headline on a recent YESAB assessment… Continue reading

Yukoner Shirley Chua-Tan is taking on the role of vice-chair of the social inclusion working group with the Canadian Academy of Health Sciences’ oversight panel and working groups for the autism assessment. (Submitted)
Canadian Academy of Health Sciences names Yukoner to panel

Shirley Chua-Tan is well-known for a number of roles she plays in… Continue reading

Most Read