Ontario Construction News staff writer
An affordable housing development in Kitchener will receive $18 million from various level of government.
In an Aug. 2 announcement at the Hespeler Road construction site where eight-storey and six-storey buildings are being constructed — Ahmed Hussen, minister of housing and diversity and inclusion said $15 million will come from the federal government through the National Housing Co-Investment Fund (NHCF).
About $1.7 million will be contributed from the provincial government and the Region of Waterloo is committing $634,520. Cambridge has budgeted $700,000 for the project.
Funding “will provide stability and safety to those who will soon call this building home,” Cambridge MP Bryan May said in a news release.
Accessibility is a key feature of the building design.
“These affordable and supportive units will provide more than a roof over someone’s head,” said Mayor Kathryn McGarry. “They will serve as a safe place to learn, grow and heal. Everyone deserves that and we are grateful for the investment here in Cambridge. This project is an excellent example of an incredible partnership with a common goal — to offer support to those in our community who need it most.”