Ontario Construction News staff writer
The province is partnering with the St. Thomas and Walter Ostojic & Sons to build a $3.47 million, 23-unit rental complex in Aylmer. Twelve units will be designated affordable housing and priced at 20 per cent below market rent.
“Elgin County has been in need of more affordable homes for years,” said Jeff Yurek, MPP for Elgin—Middlesex—London. “I’m proud that our government has listened to the concerns of our residents. This new complex in Aylmer will help ensure our most vulnerable citizens have access to the housing they need.”
The Ontario government is providing $1.5 million to help create new affordable housing for seniors, people with disabilities and low-income families.
“Affordable housing has been in short supply across Ontario for years, including in smaller communities, like Aylmer,” said Steve Clark, minister of municipal affairs and housing.
“Our government is working with municipalities, along with the private sector, to help ensure we have a range of affordable accommodation in every part of the province. These projects not only provide homes for people, but they create jobs and will contribute to our economic recovery.”
Construction for the project, located at 59 Brown Street, will begin in spring 2021, with occupancy expected in fall 2022.
Since July 2020, Ontario has invested over $65 million toward the creation of more than 1,100 new affordable and supportive housing units.
The City of St. Thomas, which includes Elgin County, has received over $1.7 million in funding under SSRF Phase 1 and nearly $1.27 million in funding under SSRF Phase 2.