Ontario Creating More Affordable Rental Housing in Hamilton
Province Leveraging Surplus Land to Develop New Mixed-Use Community
Ontario is teaming up with the City of Hamilton to build hundreds of new rental homes in the city, at least 20 per cent of which will be affordable housing.
Ted McMeekin, MPP for Ancaster-Dundas-Flamborough-Westdale, on behalf of Peter Milczyn, Minister of Housing and the Minister Responsible for the Poverty Reduction Strategy, was in Hamilton today to announce that the province is leveraging the value of surplus provincial lands to build affordable housing in downtown Hamilton.
Once completed, the new development at 191 York Boulevard in downtown Hamilton is expected to consist of new residential towers and retail space. Residents will have easy access to transit, including two GO stations and the future Hamilton LRT, schools and local businesses. Community Living Hamilton, an organization which offers services for people with developmental disabilities, will be offered space in the complex.
Hamilton is also receiving funding from the province to provide development charge rebates to developers who want to build new rental housing. The city will receive more than $6.8 million over five years to encourage the construction of complete communities that are accessible, livable, walkable, and close to transit and other services.
Leveraging the value of surplus provincial lands and encouraging the construction of new rental housing is part of Ontario's Fair Housing Plan. It's one of 16 comprehensive measures to bring stability to the real estate market, protect the investments of homeowners and ensure that more people can find a home that fits their budget.
Ontario's plan to support care, create opportunity and make life more affordable during this period of rapid economic change includes free prescription drugs for everyone under 25, and 65 or over, through the biggest expansion of medicare in a generation, free tuition for hundreds of thousands of students, a higher minimum wage and better working conditions, and free preschool child care from 2 ½ to kindergarten.
- Ontario intends to sell surplus provincial land on Fennell Avenue West near Auchmar Road, the site of the former Hamilton Psychiatric Hospital, to the City of Hamilton. In exchange, the province will contribute the proceeds of the sale for affordable housing on the York Boulevard site. The downtown location is better suited to housing, as it is within walking distance to parks, shops and services, and within a 15 minute walk to two GO stations and the future Hamilton LRT.
- The province is providing an additional investment of almost $5.9 million to support the construction of new and refurbished affordable housing to help mitigate impacts on housing units along the corridor due to LRT construction.
- To encourage builders to create more mixed-income communities, Ontario is giving municipalities inclusionary zoning powers – the ability to require that affordable units be included in new residential developments.
“I’m excited about this new development – we’re building much needed rental housing, community space and new retail in the heart of downtown Hamilton, so people can afford to find homes and raise their families right here in the community they love.”
“I’m thrilled to see more affordable housing in the heart of our community. This announcement, the result of close co-operation between the governments of Ontario and Hamilton, will benefit Hamilton families by creating more affordable places to live. This is great news for affordability in our city.”
“This agreement between Ontario and Hamilton is a big win for the city. It will build on our great downtown community while creating new, affordable housing right next to transit.”
“Acquiring the former Hamilton Psychiatric Hospital lands from the City of Hamilton gives Mohawk room to grow our Fennell campus and support our community.”