City council sends mayor's home ownership incentive back for revisions

A proposed home ownership program offering to cover 60% of development charges for new homes to assist first-time buyers is being revised after council concerns. Issues include residency duration, loan repayment terms, and inclusion of down payment help. The $5 million federally funded program aims to aid about 260 buyers with homes priced up to $630,000. Revisions are expected soon to improve appeal and affordability.