At the next CoW Council meeting on March 13, Council will be asked to formally approve CIP grants and loans to Balder corporation despite the fact that there are only 4 affordable units instead of the 15 originally planned.  The project on University Ave West (near William St.) has 71 rental units and is now almost fully rented.  According to advertising by Balder (see graphic in resources below), rents start at $1,540 per month for studios with one-bedroom apartments starting at $1,595 (utilities included).   These rents are higher than initially planned “in response to increased costs associated with the development”. However, according to a report by Cobourg Staff, there are four one-bedroom units which meet the affordable definition used by… Read complete articleFewer Affordable Units at Balder Development