Today, a significant milestone in affordable housing was announced with a combined investment of over $4.8 million for 34 not-for-profit affordable homes in Milton, Ontario.
This initiative was unveiled by Adam van Koeverden, Member of Parliament for Milton, on behalf of the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion.
Honourable Steve Clark, Minister of Municipal Affairs and Housing for Ontario, and the Honourable Parm Gill, Member of Provincial Parliament for Milton, also participated in the announcement.
The new housing project is situated at 70 Ontario Street and owned by the Catherton Charitable Foundation. It consists of 83 one and two-bedroom units, out of which 34 are funded through this collaboration between the Canadian federal and Ontario provincial governments.
The building hosts a diverse group of residents, including families, seniors, and low-income individuals, providing affordable rent and various levels of rent assistance and subsidies.
This funding initiative stems from the Canada-Ontario Bilateral Agreement under the National Housing Strategy, and it includes allocations from the Ontario Priorities Housing Initiative (OPHI), Canada-Ontario Community Housing Initiative (COCHI), Canada-Ontario Investment in Affordable Housing (IAH) agreement, and Social Infrastructure Fund (SIF).
Minister Ahmed Hussen emphasized that every Canadian deserves a safe, affordable home. He lauded the National Housing Strategy’s role in providing affordable homes for low-income individuals and families in Milton.
Adam van Koeverden, MP for Milton, echoed these sentiments, stating the importance of affordable housing for vulnerable groups.
Ontario’s Minister of Municipal Affairs and Housing, Steve Clark, said the new units would significantly impact the lives of the residents.
Ontario’s Associate Minister of Housing, Nina Tangri, highlighted the collaborative effort’s importance in providing more than just housing, but also stability, foundation, and support to residents.
The Honourable Parm Gill emphasized the government’s commitment to creating affordable housing across Ontario, and Halton Regional Chair, Gary Carr, thanked the funding bodies for their essential support.
The Mayor of Milton, Gord Krantz, expressed his commitment to diverse housing options, while Steve Robinson, President of the Catherton Charitable Foundation, celebrated the long-awaited fruition of the project.
BusinessNewsCanada
