June 12, 2003
NEWMARKET Ė York Regional Council today approved its first application request for a conditional grant equal to Regional development charges paid by eligible non-profit and co-operative organizations developing affordable rental housing units. Torontoís Ling-Liang Church submitted a grant application, estimated at $231,477, to build 55 affordable rental housing units in Markham.
"Providing non-profit projects with conditional grants equal to the amount of Regional development charges supports the housing choices for residents goal of Vision 2026, the Regionís 25-year strategic plan," said Regional Chair and CEO Bill Fisch. "This project could also be eligible for the Community Rental Housing Program, which Regional Council also approved its participation in today."
Last March, Regional Council approved the provision of conditional grants equal to Regional development charges to non-profit groups building affordable housing units in York Region. It was followed by the passing of a Municipal Housing Facilities (MHF) by-law by Council in December.
"This request from Ling-Liang is consistent with the direction approved in the Regionís Housing Supply Strategy," said Newmarket Mayor Tom Taylor, Chair of the Regionís Community Services and Housing Committee. "Itís about establishing partnerships with the non-profit and private sectors to encourage the development of affordable housing."
Ling-Liang was incorporated in the Province of Ontario as a charitable organization in March 1975. The Ling-Liang World Wide Evangelistic Mission was started in China in 1942 and has evolved into more than 50 churches world wide. Its proposed project will consist of 55 units on four levels with 53 one-bedroom units and 2 two-bedroom units, located at 288 Clayton Drive in Markham.
"This new housing supply will help provide much-needed affordable housing for residents," said Markham Regional Councillor Tony Wong, a member of the Regionís Community Services and Housing Committee. "The Town of Markham will also enjoy the spin-off economic benefits that rental housing construction brings to the local community."
The payment of the grant from the Regionís Social Housing Reserve Fund is subject to satisfactory evidence that the project has received all necessary municipal approvals, and that Ling-Liang has paid the applicable Regional development charges. As well, Ling-Liang must demonstrate that the project will be fully financed, with rents being no more than the Canadian Mortgage and Housing Corporationís average market rents as indicated in the MHF by-law. In Markham, the average rent is $829 for a one bedroom and $982 for a two-bedroom apartment.
The Region will be requesting that the Town of Markham make a similar contribution to demonstrate their support for affordable housing development in their community.
For more information on The Regional Municipality of York, the services we offer and links to our nine area municipalities, please visit our Web site atwww.region.york.on.ca
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