Ontario Construction News staff writer
Mattamy Homes and The Biddington Group say they are making a $1 million contribution to Habitat for Humanity Greater Toronto Area, which Habitat GTA will use to build two-family sized housing units in Toronto.
“Partnerships between Habitat for Humanity GTA and developers are a proven strategy to create more affordable housing in Toronto’s heated housing market, and at the same time, build inclusive, mixed-income communities, which our city desperately needs,” Habitat GTA CEO Ene Underwood said in a statement last Monday.
“The Mattamy Homes and The Biddington Group partnership with us is another demonstration of how the development community can partner with non-profit housing organizations to create new affordable homeownership solutions and stronger communities.”
Habitat for Humanity GTA and Mattamy Homes worked collaboratively on the deal, which can be viewed as a precedent for future partnerships with developers, the statement said.
“We are proud to partner with Habitat for Humanity GTA to help them in their mission of making the dream of homeownership possible for hard-working families,” said Chris Strzemieczny, general manager of Mattamy’s High Rise Division. “At Mattamy we recognize the importance of community to our business and in our society, and we truly believe that it’s important for us to be part of, and give back to, the communities in which we develop and build. Habitat for Humanity is such a key part of bringing communities together, and we’re pleased to support them.”
Qualified Habitat partner families are expected to move into their homes in October 2021. The affordable mortgage on the units will be structured so that when Habitat homeowners eventually sell, Habitat for Humanity GTA can buy back the homes, keeping them affordable from one family to the next.