Major Funding Announced for Affordable Housing in Burlington, Oakville
Affordable housing for families, seniors and persons with disabilities in Halton Region is getting a big boost.
Funding is coming from the federal and provincial governments.
They’ve invested more than $21 million to create 145 units of affordable housing through the Canada-Ontario Investment in Affordable Housing (IAH) agreement.
“When we help low-income households access the housing they need, we are doing more than putting a roof over their heads,” said federal parliamentary secretary for housing and urban affairs Adam Vaughan.
“We are helping to build a foundation for broader social and economic success for these families.”
The announcement was made on April 13 at Westwood Phase II on Falcon Blvd. in Burlington.
It provides 37 units of affordable housing, including four units for seniors with disabilities, and features environmentally friendly geo-thermal heating and cooling system to reduce both greenhouse gases and residents’ energy bills.
Three other affordable housing developments in across Halton Region were also celebrated at the event.
Screenshot: Ministry of Housing
“Housing is a joint responsibility,” said regional chair Gary Carr.
“We are fortunate to have our partners from the federal and provincial governments contribute important funding to build affordable housing in Halton and strengthen our community.”
Last month, the province announced it was transferring 128 hectares of provincially held lands to the Town of Oakville to support the creation of affordable housing and protecting access to green space.
It includes a portion currently leased to the Deerfield Golf Course plus the protected green space known as the 14 Mile Creek conservation lands.
As part of the transfer, the province will require the protection of recreation and conservation areas, in addition to supporting the building of affordable housing units within the Town of Oakville.
As part of this land transfer, the Town of Oakville is required to commit $29 million for affordable housing units within the town's boundaries.
The transfer is expected to take place in the coming year.
A FEW QUICK THINGS
- Westwood II offers supports, like light housekeeping, to help seniors remain independent and live at home.
- Westwood II was built in partnership with New Horizon Group Development and received over $5.5 million in funding from the Government of Canada and Government of Ontario through the Investment in Affordable Housing agreement.
- The Governments of Canada and Ontario have partnered together to deliver the IAH program since 2011. Under the IAH, Ontario and the federal government are investing a total of $1.9 billion to improve access to affordable housing in Ontario.
(Source: Canada Mortgage and Housing Corporation)