Feds to invest over $180M to build nearly 500 homes in Hamilton

The Canadian government and City of Hamilton are investing over $180 million to build 497 homes in the municipality.

The federal government is providing more than $122 million through its National Housing Strategy’s programs for three projects in Hamilton.

FedDev Ontario Minister Filomena Tassi made the announcement Wednesday at 8 Roxanne, a mixed income apartment building with 103 units, including 12 accessible units.

Officials say this project received $7.1 million in federal funding through the National Housing Co-Investment Fund, a $15 million loan from the City of Hamilton, and $6.7 million from City Housing Hamilton.

Construction of the building is expected to be completed by June 2024, with a focus on achieving a 40 per cent reduction in energy consumption and 44 per cent decrease in greenhouse emissions.

The governments are also investing in the Roxborough Affordable Rentals project located at 16 and 22 Roxanne for women and their children. The below-market rentals will have 352 units, 76 of which will be accessible.

Developers plan to transform 13 acres in Hamilton’s east end for this project.

“Having access to safe and supportive homes will help bring positive change to our communities,” Tassi said.

Another housing project the governments are offering money to is located at 1620 Main Street. The 42-unit building will provide a home for women and their children.

It has received $10.8 million in federal funding through the Major Cities Stream under the Rapid Housing Initiative.

“These new homes are more than bricks and mortar, they’re the foundation for creating strong, vibrant communities where families in Hamilton can thrive,” said Housing Minister Ahmed Hussen.

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