Announced an additional $2.4M for the Elgin Park affordable housing project in Coburg, Ont. – peterborough IG News

IG news Update,

An additional $2.4 million in federal funding is earmarked to help build 40 new affordable housing units in Coburg, Ont.

On Friday, government officials announced new funding for the Elgin Park redevelopment project, which will expand 18 existing semi-detached homes to allow a series of four-plex and six-plex buildings that will include 40 units. Elgin Park is owned and operated by the Northumberland County Housing Corporation (NCHC).

Plans for the redevelopment were first announced by Northumberland County in March 2019.

Funding is provided through the Federal National Housing Co-Investment Fund, a 10-year $7-billion housing plan.

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Cobourg, Ont., Affordable Housing Project Receives $5.7M Funding Boost from Fed, Province

This complements the $5.7 million announced in June 2020 through the cost-sharing Canada-Ontario Community Housing Initiative (COCHI), which funds the expansion, repair and upgrade of community housing for affordable units.

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Northumberland County Warden Bob Crate says the additional funding will “quickly advance” the redevelopment of Elgin Park. Construction is underway on units for low-income families and the first occupancy is planned for the summer of 2023.

“We continue to make progress on our commitment to increasing the availability of affordable homes in our community, in alignment with Northumberland County’s 2019 Affordable Housing Strategy,” he said.

The project will result in 28 new subsidized housing units and 12 attainable market rent housing units, says NCHC board chairman Gil Brockenier. The new development will add to the corporation’s existing complement of 344 community housing units in Northumberland County

“This funding support is another important step in increasing the number of income-ready affordable homes in Northumberland County,” he said.

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“Everyone deserves a safe and affordable place to call home,” said Ahmed Hussein, federal minister for Housing and Diversity and Inclusion, who was represented in Coborg by Whitby MP Ryan Turnball. “Our government is to Canadians. Will continue our efforts to provide more accommodation options, including here in Coborg. This is the National Housing Strategy at work.”

Northumberland-Peterborough South MPP David Piccini says the Elgin Park redevelopment project “will play a key role in creating truly affordable housing in Northumberland.”

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“And I am proud that the government of Ontario is working closely with municipal and federal counterparts to get shovels into the ground,” said Piccini. “We’re working hard for our community, so that Northumberland has access to affordable homes today and into the future.”

© 2022 Global News, a division of Corus Entertainment Inc.

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