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Powell River working towards developing fund for affordable housing

Powell River City Council is looking at developing an Affordable Housing Fund.

The fund would receive contributions from developers on a voluntary basis, with the money being used for affordable housing initiatives.

Mayor Dave Formosa says discussions how the fund will work are in the early stages. Formosa says the developer who has applied for rezoning for a property on Nootka Street has agreed to be the first contributor to the fund.

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