Hamilton, Stouffville and Ayr housing projects receive $21M in federal, provincial funding
The federal and provincial governments have announced nearly $21 million in funding to support three projects that will create more than 170 housing units in three Ontario communities.
Announced separately in August, the projects will be built in Hamilton, Stouffville and Ayr.
The Stouffville project is the largest of the three. It receives $11.4 million in combined funding from the governments for the construction of nearly 100 homes for local families, individuals and seniors.
The Stouffville Affordable Housing apartment complex at 5676 Main Street is now under construction, with a target completion date of next year.
"Building affordable housing is an important part of our government's plan to help all Ontarians find a home that meets their needs and keeps costs down,” said Markham—Stouffville MPP Paul Calandra. “This investment, in partnership with the federal government, will offer more families the choice to make Stouffville their home, while helping them keep more of their hard-earned money for life's essentials."
In Hamilton, the governments allocated $5.8 million to a project that sees construction of 50 affordable housing units.
Located at 256 Parkdale, McQuesten Lofts is operated by Indwell Community Homes. It serves individuals who need affordable housing, and provides support services that address and prevent homelessness.
One fifth of the units are dedicated to addressing the needs of Hamilton’s homeless urban Indigenous population. The remaining units are targeted toward those who are chronically homeless, people transitioning from provincially funded institutions, individuals with mental health and addictions issues and persons with disabilities.
The Government of Canada is investing over $3 million into the project, while the province is spending more than $2.8 million.
Finally, in Ayr, the governments committed $3.5 million to a project to expand the Kirkwood Apartments complex.
Located at 191 Stanley Street, the project involves the expansion of the existing complex to add 21 units.
The federal government committed $2.1 million to the project through its National Housing Co-Investment Fund. A further $1.4 million was delivered through the Social Infrastructure Fund, a program shared by the provincial and federal governments.
The Region of Waterloo and the Township of North Dumfries also contributed nearly $600,000 to the project.