File #: CM-19-026    Version: 1 Name:
Type: Council Motion Status: Agenda Ready
File created: 9/16/2019 In control: City Council
On agenda: 11/18/2019 Final action:
Title: Shared Equity Mortgage Program Notice given by: Mayor Heron
Attachments: 1. Admin Backgrounder, 2. Attachment A
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TAMRMS#:  B06

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Shared Equity Mortgage Program

Notice given by: Mayor Heron

 

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PURPOSE OF REPORT

 

On September 16, 2019 Mayor Heron provided notice in accordance with Section 23 of Procedure Bylaw 3/2018 that she intended to bring forward the proposed motion below.

 

In order for Council to debate the motion, the motion must be formally moved.

 

 

PROPOSED MOTION(S):

recommendation

 

That the City participate/apply for the Canada Mortgage and Housing Corporation (CMHC)’s Shared Equity Mortgage Program to first-time homebuyers

 

 

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Report Date: November 18, 2019

Author: Shelley Wywal

Department: Legal & Legislative Services

Deputy Chief Administrative Officer: Kerry Hilts

Chief Administrative Officer: Kevin Scoble