The Government of Canada, the Government of Ontario, and the Regional Municipality of Halton have announced over $45 million in funding to construct 52 affordable housing units in Oakville.
The Seniors Supportive Housing located at 263 Kerr Street will be a mid-rise 4-storey apartment building and will accommodate low-income seniors.
The new building will have three floors of residential units with a total of 52 units, including 22 bachelor units, thirty 1-bedroom units and ground floor space for a seniors’ community hub.
The project will offer onsite supportive housing programs and services.
While talking about the development, Sean Fraser, Minister of Housing, Infrastructure and Communities, said: “The Seniors Supportive Housing at 263 Kerr Street will bring more affordable and supportive housing to seniors’ citizens in Oakville who need a stable roof over their heads. “The Government of Canada remains committed to working with our partners to develop and implement solutions for those who need it the most.
“Thanks to this collaborative effort more seniors in Oakville will now have a safe and affordable place they can call home.”
The mid-rise apartment will be Halton Region’s first Passive House certified assisted multi-residential building and it includes universal design elememnts.
Anita Anand, Member of Parliament for Oakville, and President of the Treasury Board, said: “The investment announced today is improving affordable housing in our region and is facilitating real change for our priority groups that need it most. The Seniors Supportive Housing at 263 Kerr Street project is a result of great partnerships, coming together to respond to housing needs in Oakville, ensuring that every Canadian has a safe and affordable place to call home.”
Funding for the new seniors’ building includes $9 million through the federal government’s third round of the Rapid Housing Initiative’s (RHI) Cities Stream.
The federal and Ontario governments are collectively investing around $12 million through the Canada – Ontario Community Housing Initiative (COCHI), an initiative of the Canada-Ontario Bilateral Agreement under the National Housing Strategy, while the Regional Municipality of Halton has offered over $24 million in funding.
Construction is expected to be finalized by Fall 2024.
Mayor of Oakville, Rob Burton, said: “As Mayor of Oakville and as a Halton Regional Councillor, I take great pride in the substantial commitment made by Halton Region, covering over 50 per cent of the funding for the 52 vital affordable housing units we are announcing today. Canadians expect all levels of government to work together and deliver equitable financial support.
“By ensuring equal contributions from each level of government, we can increase our collective impact and address the pressing need for more affordable housing.”
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