A combined investment of over $50 million, including a contribution of nearly $30 million by the Government of Canada, will support the construction of 130 housing units in Kingston expected to be completed by Summer 2024.
The investment funding was announced today by the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, alongside Mark Gerretsen, Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate) and Member of Parliament (MP) for Kingston and the Islands, Mayor Bryan Paterson, Mary Lynn Cousins Brame, Chief Executive Officer of Kingston & Frontenac Housing Corporation, and Kimberley Mansey-Walker, President of Kingston Co-operative Homes Inc.
These housing units are part of two projects meant for a number of priority groups, including women and children, and will be located at 1316-1318 Princess Street.
The first project will be operated by Kingston and Frontenac Housing Corporation. The 92-unit building received $19.6 million in federal funding through the National Housing Co-Investment Fund (NHCF), and $11.1 million from the City of Kingston. The project will have an office on the ground floor where a tenant support services program will assist and support residents experiencing health, mental health, and addiction issues by providing assessment, crisis and intervention services, and engaging other community services and resources.
The second project will be operated by Kingston Co-operative Homes. The 38-unit building received $9.4 million in federal funding through the NHCF, $4.2 million from the City of Kingston, and $1.3 million from Kingston Co-operative Homes Inc., who are charged with protecting the affordability of the homes for the long term.
Both projects have been made possible with land contributions from the City of Kingston. Kingston City Council first voted to move forward with the “affordable housing project” at 1316-1318 Princess Street in September 2020, with Kingston and Frontenac Housing Corporation and the City officially breaking ground on the project in July of this year.
This is a developing story with more to come.