41 new affordable homes are being built in Port Colborne.
That announcement was made by Niagara Centre MP Vance Badawey, which will see a new five-storey apartment built at 9 Chestnut Street for low-income seniors and female-led single parent households.
The project, which includes funding from multiple levels of government, is expected to be completed by this upcoming fall.
A breakdown of funding for this project includes:
- $9.1 million under the Cities Stream of the third round of the Rapid Housing Initiative (RHI) from the federal government,
- $1.75 million in contribution and $543,339 in regional development charge exemption from the Regional Municipality of Niagara,
- $480,000 in land donation and $87,125 in municipal development charge exemption and planning fee waivers from the City of Port Colborne,
- $3.8 million in fundraising and capital contribution from Port Cares.
The residents will be selected from the Niagara Region’s centralized waitlist.
(Written by: Matt Latour)
