City to celebrate two affordable housing initiatives this week - City to celebrate two affordable housing initiatives this week
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null City to celebrate two affordable housing initiatives this week
October 7, 2013 -
This week, the City is celebrating two affordable housing initiatives: the construction of a new mixed-use building with several affordable units on Montreal Street and the opening of a building with 10 affordable units for seniors on Canatara Court.
"These initiatives demonstrate that the City is actively pursuing innovative strategies to address the need for affordable housing, a top City priority," says Mayor Mark Gerretsen.
Ground-breaking: New Home-Base Housing building at 540 Montreal St.
At 12 p.m. this Wednesday, the Mayor will be at 540 Montreal St. for a ground-breaking ceremony to celebrate the new location for Home Base Housing's In From the Cold emergency shelter. This building will also house seven new City-funded and rent-supplemented apartment units.
This handy-to-downtown location will be the new home of the Housing Help Centre – an obvious benefit to those using the emergency shelter. Home Base Housing received $1,259,500 DOOR funding from the City for the building, and additional Federal funding through the Homelessness Partnering Strategy and provincial funding through the Ontario Trillium Foundation.
The Independent Living Centre will also have offices in the mixed-use building.
Ribbon-cutting: New seniors building a 500 Canatara Court
On Thursday at 10 a.m., the Mayor and and Jeff Fern – the owner of 500 Canatara Court – will officially open this building, which offers 10 apartments for seniors with rents well below market value.
"This effort shows the willingness of local builders and owners to create more affordable housing for Kingston," says Sheldon Laidman, Director of Housing.
The City provided J. Fern Inc. with $539,500 to offset expected losses associated with offering 10 rental units at 80 per cent of the Canadian Mortgage and Housing Corporation's average market rent for the next 15 years. The Canatara Court building has 77 units all together.
This project was funded out of the City's Capital Investment in Affordable Housing program. Established in 2012, this funding is available to private and non-profit developers and investors for the creation of affordable housing units within their rental housing developments.
For more on the City's affordable housing efforts: www.CityofKingston.ca/housing.
Plan to get there by bus: www.CityofKingston.ca/tripplanner
Media contact: For more information contact Cindie Ashton, Communications Officer 613-546-4291, ext. 3116. Or call the City of Kingston's media hotline at 613-546-4291, ext. 2300.