The Community Services Committee at the regional level has approved $3.4 million for two new affordable housing projects.
The projects will add 51 new affordable housing units. They were selected from a Affordable Housing Request for Proposals issued by the Region of Waterloo in August.
The recommended projects include:
- St. Paul’s Church, a non-profit provider, will develop 21 new affordable housing units at 137/149 Queen St. S, Kitchener. The units will be created for low-income seniors and will feature multiple levels of barrier free accessibility. The project is recommended to receive $1,464,500 from the Ontario Priorities Housing Initiative.
- 55 Franklin GP Inc., a private sector housing provider, will develop 30 new affordable housing units at 55 Franklin St. S., Kitchener and partner with specific housing providers to offer affordable housing. The project is recommended to receive $1,960,000 from the Regional Strategic Investment in Affordable Housing.
Regional Chair Karen Redman says with over 1,500 new affordable homes, the region's housing plan is on track to surpass its year two target.
The projects will go to regional council for approval on December 14.