New 140-unit building in Town of Richmond Hill adds much-needed affordable housing
NEWMARKET - York Regional Council has approved funding for the purchase of a 140-unit apartment building to provide much-needed affordable housing for residents in The Regional Municipality of York.
The $38.2-million project will be purchased from Harbor Development and the Fram Building Group Ltd., and will be located at the southeast corner of Major Mackenzie Drive and Essex Avenue in the Town of Richmond Hill. Construction is expected to begin this summer.
“This purchase continues a pledge by Regional Council to increase the number of affordable housing units in the Region by finding innovative and effective ways to help those who need it the most,” said York Region Chairman and CEO Bill Fisch. “This project is an example of how partnerships can successfully provide stable, affordable housing and contribute to the economic viability of our communities.”
This purchase is the result of the Region’s strategy to enhance affordable housing in York Region. In addition to providing the necessary infrastructure repair to existing units, the strategy also indentifies possible partnership opportunities with the private sector. Fram Building Group Ltd. responded to the Region’s request for proposals and presented a concept that best fit the Region’s requirements.
“This facility will represent a wonderful addition to the community,” said Town of Markham Deputy Mayor Jack Heath, Chair of the Region’s Community and Health Services Committee. “By providing different types of housing, there are increased opportunities for individuals, families and people with disabilities to find safe, secure and affordable housing.”
Upon completion, the building will be owned and operated by Housing York Inc., the housing company of The Regional Municipality of York. The final building will include the following features:
• 140-unit apartment building
• A mixture of 1, 2, 3 and 4-bedroom units
• Modifications for people with disabilities
• Two levels of underground parking
• Security enhancements
• Close proximity to public transit
• Leadership in Energy and Environmental Design (LEED-NC) certification
“Housing is one of our most basic needs, and through a strong and vibrant housing network, we build stronger communities,” said Town of Richmond Hill Regional Councillor Brenda Hogg, Chair of Housing York Inc. “Housing York Inc. already owns and operates over 1,900 affordable rental and subsidized rental housing units across York Region, and this building will add more homes for people with low to moderate incomes.”
This purchase is being funded through $16.8 million from the Canada-Ontario Affordable Housing Program, $12.4 million from the Investing in Ontario fund and $9 million from The Regional Municipality of York.
For more information on The Regional Municipality of York, please visit www.york.ca
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Media Contact: Jennifer Mitchell-Emmerson, Community and Health Services, York Region
Phone: 905 830-4444, ext. 4016 or After-hours Cell: 905 716-9753