New affordable housing units now available in Milton
Officials from four levels of government gathered today in Milton to show off the results of nearly $5 million in funding for not-for-profit, affordable homes.
Located at 70 Ontario St. and owned and operated by the Catherton Charitable Foundation, the building features 83 one and two-bedroom units, 34 of which are funded by the federal and provincial governments.
“The Government of Canada is investing in affordable housing here in Milton and across Canada to ensure everyone has an affordable place to live, while improving the quality of life for those who need it most,” said Milton MP Adam van Koeverden.
“Our focus is on meeting the needs of vulnerable groups, including seniors and women and their children, by providing them with safe, accessible and affordable housing options that meet their unique needs.”
The Milton MP was joined by Steve Clark, provincial Minister of Municipal Affairs and Housing, Milton MPP Parm Gill, as well as regional and local officials at the announcement.
Residents of the building include individuals, families and seniors paying affordable rent, as well as fixed- and low-income residents receiving various levels of rent assistance and subsidies.
“The Town of Milton is committed to working with government partners to address the need for a variety of housing options,”said Milton Mayor Gord Krantz.
“Today’s announcement delivers on our belief that Milton can be a safe, welcoming and attractive home for all of our residents.”
The project supports intensification of Milton’s Urban Growth Centre and has added a new, separate four-storey apartment building to the west portion of an existing residential property.
This investment is made through initiatives of the Canada-Ontario Bilateral Agreement under the National Housing Strategy and the funding includes:
- $563,439 from the Ontario Priorities Housing Initiative (OPHI)
- $435,043 from the Canada-Ontario Community Housing Initiative (COCHI)
- $900,000 from the Canada-Ontario Investment in Affordable Housing (IAH) agreement
- $2,923,036 from Social Infrastructure Fund (SIF)
“The Maple Leaf Group’s board of directors is thrilled to be adding much needed affordable housing to Halton Region and the City of Milton,” said Steve Robinson, president of Board of Directors, Catherton Charitable Foundation.
“The 70 Ontario Street project we are celebrating today, took more than 10 years to be fully developed and occupied and the result speaks for itself.”insauga's Editorial Standards and Policies advertising