Ontario Construction News staff writer
The federal government and the City of Hamilton have announced more than $180 million to build just under new 500 homes.
Roxborough Park Inc. is a partnership including David Horwood of Effort Real Estate Corporation,ย Sergio Manchiaย of UrbanCore Developments andย Nick Carnicelliย of Carriage Gate Homes and Legacy Constructors.
โRoxborough community has been an exemplar collaboration effort amongst theย City of Hamilton, the province ofย Ontarioย and the federal government,โ said David Horwood,ย Effort Real Estate Corporation. โThe. Special thank you to CMHC and CMLS for their support as without the provisions of the RCFi program,
โThe Roxton would not have been viable in today’s challenging environment. The Roxton, two rental apartment buildings at 16 & 22 Roxanne, will bring 352 much-needed rental apartment units toย Hamilton.”
The May 24 announcement took place at 8 Roxanne, a mixed income apartment building with 103 affordable units, 12 units of which will be accessible. The project receivedย $7.1 millionย in federal funding through the National Housing Co-Investment Fund (NHCF), aย $15 millionย loan from theย City of Hamiltonย andย $6.7 millionย from CityHousing Hamilton.
“We are delighted to announce the construction of almost 500 homes inย Hamiltonย to support the needs of individuals and families in Hamilton, said Ahmed Hussen, Minister of Housing and Diversity and Inclusion.ย โThese new homes are more than bricks and mortar, they’re the foundation for creating strong, vibrant communities where families inย Hamiltonย can thrive. This is one of the many ways the Government ofย Canada’sย National Housing Strategy is ensuring that no one is left behind.โ
Located at 16 & 22 Roxanne, The Roxton project will include 352 purpose-built units, 76 of accessible, with below market rents for women and children. This project will transform 13 acres in the city’s east end into a master-planned community modelled on adaptability, inclusivity, and diversity.ย The project received aย $115 millionย repayable low-interest loan through the Rental Construction Financing initiative (RCFi), a federal initiative aimed at stimulating the supply of purpose-built rental housing units acrossย Canada.
Construction is expected to be completed byย June 2024.
Located at 1620 Main Street, this 42-unit project will offer much needed housing units inย Hamiltonย for women and their children. This project has received aย $10.8 millionย in federal funding through the Major Cities Stream under the third round of the Rapid Housing Initiative (RHI).
“This development is a testament to what can be accomplished when orders of government work alongside key private and community partners to respond to the specific needs of a neighbourhood,โ said Hamilton Mayor Andrea Horwath. โThe project will help revitalize our east end community and add much-needed affordable housing options for individuals in our city.”