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Affordable housing in London is getting a $90-million federal injection that will see 245 homes built and nearly 400 homes repaired, MP Peter Fragiskatos announced Thursday.
The funding will provide housing for some of London’s most vulnerable residents, the London North Centre MP said during a news conference at 440 Clarke Rd., an apartment building with a mix of affordable and market-rent units that received federal support.
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“It is the priority, housing is the issue of the day,” said Fragiskatos, who is parliamentary secretary to federal Housing Minister Sean Fraser. “We will make sure needs are addressed in the community.”
He was joined by London West Liberal MP Arielle Kayabaga and London Mayor Josh Morgan for the announcement.
The funding, from the National Housing Strategy’s $14.6-billion Affordable Housing Fund, will support five projects:
- $74.4 million for Residenza Victoria on Colborne Street to build 180 units
- $11 million for Zerin Place on Clarke Road to build 65 units
- $2.2 million for Native Inter-Tribal Housing Co-operative to repair 57 units
- $1.4 million for repairs to P.A.M. Gardens, 279 units
- $855,000 for Talmill Towers.
The bulk of the money – $85 million – are loans, the balance is a grant, Fragiskatos said.
“When we think about the ability to create housing, we always talk about a shared responsibility, to come together to create housing in all its forms,” Morgan said. “We need to create spaces.”
“We are committed to making communities stronger through projects like these,” Kayabaga said. “These investments help create new jobs and stimulate the local economy, while providing access to safe, affordable homes for Canadian seniors, families and individuals.”
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