Posted On: Thursday, November 28 2024, Posted By: NewmarketToday Staff, Original Article
NEWS RELEASE
REGIONAL MUNICIPALITY OF YORK
*************************
The Regional Municipality of York is contributing nearly $10.2 million in funding to Blue Door Support Services and Richmond Hill Ecumenical Homes Corporation as part of the Community Housing Supply Grant Pilot Program.
The funding will support construction of 100 units, of which more than a third (38) will be affordable housing units.
“Safe, secure and affordable housing is essential for everyone and York Region is committed to working with our community partners to provide more housing options for residents,” said York Region chairman and CEO Wayne Emmerson. “Part of this commitment is exploring innovative solutions towards providing new homes to households in need.”
The Community Housing Supply Grant Pilot Program provides capital funding to eligible non-profit and cooperative housing organizations with interest in rental housing development and who are ready to build new community housing units. Successful projects include a minimum of 10 affordable units that will remain affordable a minimum of 20 years.
Funding applications to the Community Housing Supply Grant Pilot Program were accepted last fall to support:
- New construction
- Conversion of non-residential buildings to community housing
- Additions or extensions to an existing community housing building
- Community housing redevelopment resulting in an increased supply of units
At the end of 2023, there were more than 15,700 households on York Region’s subsidized housing wait list. Increasing affordable housing choices, measured through an increase in the number of community housing units, is a key objective in the region’s 2023 to 2027 Strategic Plan: From Vision to Results.
To learn more about projects funded through the Community Housing Supply Grant Pilot Program, visit york.ca/HousingSupplyGrant.