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Posted Tuesday October 8, 2019
Waterloo Region approves affordable rental housing projects
Region of Waterloo Council approved two affordable housing projects worth almost $5.5 million in federal and provincial funding.
• MennoHomes Inc. will construct a multi-use development at 544 Bridgeport Road, Kitchener. It will include 45 affordable rental units, flexible worship space, a commercial kitchen, a community room, and offices space. The Region will provide capital funding for 30 of the 45 units with $3.8 million.
• Maxwell Building Consultants will construct a 13-unit apartment at 18 Guelph Street, Kitchener. The three storey stacked townhouse will have 10 one-bedroom, two three-bedroom, and one five-bedroom units. The Region will provide capital funding for 13 units with just under $1.7 million.
Both projects will also receive grants totalling $886,000 to offset Regional development charges.
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