Along with the Honourable Steve Clark, Minister of Municipal Affairs and Housing for Ontario, and Parm Gill, Member of Provincial Parliament for Milton, Adam van Koeverden, Member of Parliament for Milton, made the announcement on May 2 on behalf of the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion. Together, they invested more than $4.8 million to construct 34 affordable homes in Milton that are not for profit.
The building, which is owned and operated by the Catherton Charitable Foundation and can be found at 70 Ontario Street, has 83 one- and two-bedroom apartments, 34 of which are funded by Canada and Ontario. Individuals, families, and seniors pay reasonable rent in the building, and low- and fixed-income residents receive various levels of rent assistance and subsidies. The project has added a new, separate, four-story apartment building to the west portion of an existing residential property and supports the intensification of Milton’s Urban Growth Centre.
Under the National Housing Strategy, this investment is made through initiatives of the Canada-Ontario Bilateral Agreement, and the funding includes:
- $563,439 from the Ontario Priorities Housing Initiative (OPHI)
- $435,043 from the Canada-Ontario Community Housing Initiative (COCHI)
- $900,000 from the Canada-Ontario Investment in Affordable Housing (IAH) agreement
- $2,923,036 from Social Infrastructure Fund (SIF)