CAMBRIDGE, ONT. — The federal government has announced $15 million in funding to support 55 new affordable homes in Cambridge, Ont. for individuals with mental illness or physical disabilities or who are members of Indigenous groups.
The total cost of the project is $18 million.
The provincial government is contributing $1.68 million, the Region of Waterloo is contributing $635,000 and the City of Cambridge is spending $700,000, stated an Aug. 2 release.
The mixed-income residential building will be constructed at 195 Hespeler Rd. and was developed by Home Concept Property Management.
There will be visiting supportive services for the residents and the project will feature universal design, accessible units and common areas with accessibility features.
The project broke ground in the spring of 2021 and is expected to be complete in spring 2023.
The $13.2-billion federal National Housing Co-Investment Fund is a program under the National Housing Strategy that funds projects that support women and children fleeing family violence, seniors, Indigenous people, people with disabilities, those with mental health or addiction issues, veterans and young adults.
“Very soon, this building will become ‘home’ to 55 new households, bringing stability, safety and support to deserving folks in our community. Our organization’s commitment to affordable housing is being realized through the National Housing Strategy,” stated Rebecca Roy, executive director of Satellite Community Homes, representing Home Concept Property Management.