London Celebrates New Affordable Housing
LONDON - The Government of Canada, the Government of Ontario, and the City of London today celebrated the opening and start of construction of 97 new affordable rental units in three London projects. These projects are supported by over $4 million in funding through the Canada-Ontario Affordable Housing Program.
Dave MacKenzie, Member of Parliament for Oxford, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development; Chris Bentley, Member of Provincial Parliament for London West, on behalf of the Honourable Jim Watson, Minister of Municipal Affairs and Housing; Councillor Susan Eagle, on behalf of London Mayor Anne Marie DeCicco-Best; and affordable housing sponsors David Nelms of Nelms Group and Chris McNabb of Southdale Apartments Inc. attended the ceremony.
"The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most," said MP MacKenzie. "Projects like these ones here in London, will help low-income families and individuals with special needs access safe, affordable and quality housing, helping them to build a stronger future."
"These projects represent the success of partnership, innovation and creativity," said MPP Bentley. "Through the construction of safe, affordable housing we're helping vulnerable people establish the stability that so many of us take for granted every day."
Today's announcement recognized three affordable housing projects in London, totaling over $15 million in capital costs:
- A 12-unit complex has officially opened. The $1.6 million project, sponsored by Nelms Group Ltd. and the Alice Saddy Association, received $840,000 under the Canada-Ontario Affordable Housing Program. The specially designed units will be occupied by individuals with special needs.
- A 52-unit project, now under construction. The $9 million project, sponsored by Adelaide North Developments Inc., has received over $3 million under the Canada-Ontario Affordable Housing Program for 41 units, to be occupied by families and individuals with special needs.
- A 44-unit project, soon to be under construction. The $4.6 million project, sponsored by Southdale Apartments Inc., received over $341,000 under the Canada-Ontario Affordable Housing Program for five units, to be occupied by individuals with special needs.
The federal and provincial allocations to the projects were complemented by over $3 million in municipal financial incentives.
"This funding is extremely welcome news for all Londoners, as we strive to combat homelessness in our community," says Mayor DeCicco-Best. "Although the critical need for affordable housing is a national issue, London is committed to working with all levels of government to be part of the solution, and these three projects are indeed a positive step in assisting those most vulnerable."
The Canada - Ontario Affordable Housing Program comprises a commitment of $301 million from each of the two senior levels of government. In total, the federal, provincial and municipal governments will invest at least $734 million in the program, which will provide affordable housing for 20,000 households in Ontario.