Hamilton receives $5.8 million to build 50 affordable homes
Published August 5, 2022 at 2:45 pm
The City of Hamilton received $5.8 million from the federal and provincial governments to build 50 affordable homes.
Announced Friday, the funding will go towards McQuesten Lofts, located at 256 Parkdale Ave.
Indwell Community Homes operate the lofts, and 20 per cent of the units are dedicated to addressing the urban Indigenous population in Hamilton.
“This investment… is improving the economic and social well-being of those living with mental health issues, physical disabilities, and Indigenous groups, who now call this wonderful building their home,” said Hamilton MP Chad Collins. “It is making Hamilton a better place to live because when people have a secure and stable home, they gain the confidence they need to succeed and fulfill their potential.”
The remaining units will address what has been deemed “priority populations,” including the chronically homeless, individuals transitioning from provincially funded institutions, individuals with mental health issues and addictions, and persons with disabilities.
According to an official media release, “the project aims to assist the most vulnerable populations by creating a home where their lives are transformed and they can flourish in a community of belonging. Fully independent apartments provide tenants the opportunity to create a life of their own with safety, privacy, and dignity.”
The federal government is investing over $3 million to support the project through the National Housing Co-Investment Fund. An additional $2.8 million is being provided by the province through the Affordable Housing Bilateral Agreement.insauga's Editorial Standards and Policies advertising