Units to be built for middle-class families
Late last week, the Canadian government (through CMHC Minister Responsible Jean-Yves Duclos) announced a $15.67 million investment for the construction and maintenance of 183 new rental housing units in Calgary and Kitchener.
The units are planned to be built close to vital facilities like public transit, schools, and services. The investment, intended to help middle-class families struggling to find places to live on, is allocated to two separate projects:
- $13.6 million for the 161-unit Horizon Housing Society project in Calgary
- $2.07 million for the 22-unit K-W Habilitation Services project in Kitchener
The Horizon Housing Society project is expected to achieve 17% energy savings and 15% greenhouse gas emission reduction. All units are planned to be available for rents lower than 30% of the area’s median household income in the area. Rates will remain lower than average market rents in the area for 20 years.
Meanwhile, the K-W Habilitation Services project – located in the core of Kitchener – is designed to achieve 29% energy efficiency savings and 44% greenhouse gas reduction. As with the previously described project, all units will be accessible and have rents below 30% of the area’s median household income. All units will be held at rents lower than average market rents in the area for 25 years.