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What is the Senior Incentive Bylaw?

April 26, 2017bylaw Senior

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What is the Senior Incentive Bylaw?

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A. The Town of Sudbury created the Bylaw to assist the 55+ market in reaching their goal to downsize their home while having money left over to enjoy their new lifestyle. Because the real estate market in Sudbury is higher than most area towns, this Bylaw provides for these new homes at a reduced price. In exchange for more units within a community, the Developer agrees to sell every unit within the community at a fixed below market price.