Ontario Construction News staff writer
Municipal, provincial and federal governments are providing $45 million to construct 52 affordable-housing units in Oakville.
Designed by CZ Architects, the seniors supportive housing being built on Kerr Street in Oakville will be a four-storey apartment building with 52 units and ground floor space for a seniors community hub. The project is targeted to low-income seniors and will be Halton Region’s first Passive House certified assisted multi-residential building.
” I take great pride in the substantial commitment made by Halton Region, covering over 50% of the funding for the 52 vital affordable housing units we are announcing today,” said Oakville Mayor Rob Burton. “Canadians expect all levels of government to work together and deliver equitable financial support. By ensuring equal contributions from each level of government, we can increase our collective impact and address the pressing need for more affordable housing.”
The federal government is contributing $ 9 million through the third round of the Rapid Housing Initiative’s (RHI) Cities Stream. Additionally, both the federal and the Ontario governments are jointly funding nearly $12 million through the Canada – Ontario Community Housing Initiative (COCHI); an initiative of the Canada-Ontario Bilateral Agreement under the National Housing Strategy, and the Regional Municipality of Halton provided over $24 million in funding for this project.
Construction is expected to be completed by Fall 2024.
“The Seniors Supportive Housing at 263 Kerr Street will bring more affordable and supportive housing to seniors’ citizens in Oakville who need a stable roof over their heads,” said Sean Fraser, minister of housing, infrastructure and communities. “The Government of Canada remains committed to working with our partners to develop and implement solutions for those who need it the most. Thanks to this collaborative effort more seniors in Oakville will now have a safe and affordable place they can call home.”