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Committee divided over front‑loading bond dollars for one project
Summary
Committee members expressed contrasting views about committing a large share of the $10 million bond pool to a single project; supporters cited immediate housing need and rising costs, while skeptics warned about crowding out future projects and setting a precedent for waivers.
Committee members spent substantial time debating whether the Casa Loma supplemental request would responsibly allocate the bond fund. Several members said the recommended amount would concentrate roughly 44% of the remaining program funds on one development and expressed concern about precedent if waivers become routine. "I'm really struggling with this vote because we don't know what other developers may need," one member said.
Supporters countered that the project is construction‑ready, would house 183 households and that delays could increase costs further. Another committee member said the project has demonstrated on‑site supportive services at a similar property, and that front‑loading funds could produce quicker outcomes for people on the wait list. After debate the committee voted to forward the recommendation to Council for final decision.
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