Developers putting up new commercial or multi-unit residential buildings in Prince Albert can now qualify for a tax incentive program designed to spark investment and ease the city’s housing shortage.

Approved by City Council on July 21, the program offers a four-year, declining-scale municipal tax abatement for projects approved after that date. Qualifying developments will receive a 70 percent tax reduction in the first year after construction is complete, followed by 50 percent in the second year, 30 percent in the third, and 15 percent in the fourth. Full taxation will return in the fifth year.

Mayor Bill Powalinsky called the decision a bold step toward supporting growth and addressing housing needs.

“Whether in a new neighbourhood or an established one, we want to send a clear mes

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