No. The First Place program provides assistance by deferring the cost of the land portion of approved First Place development sites until the sixth year. Townhomes can only be purchased from the builders. First Place does not provide any direct program funding.
Some residents have questioned if First Place housing will have an impact on the property value of neighbouring homes. In 2013, City Assessment staff created specific study areas for each First Place building site to help answer this question.
Staff monitor these sites each year to determine if the market value of properties located next to First Place sites respond differently than properties located next to undeveloped surplus school sites in other neighbourhoods. To date, staff have found no distinguishable assessment change between properties located next to First Place building sites and those located next to undeveloped surplus school sites in other neighbourhoods. The City will continue to monitor these areas annually.