Peterborough-Kawartha – Maryam Monsef, Member of Parliament for Peterborough-Kawartha, on behalf of the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced today that the federal government is financing $14 million to help construct 46 residential units for families in Peterborough to call home.
This second phase of the 3789 Water Street development by Greenleaf/Cor-Plan is receiving financing through CMHC’s Rental Construction Financing initiative (RCFi), a National Housing Strategy program that supports rental housing construction projects. The program encourages a stable supply of rental housing for middle-class families struggling in expensive housing markets.
The development includes a unique partnership with Kawartha Participation Projects (KPP), which provides services, supports and housing to people with physical disabilities living in Peterborough, Kawartha Lakes, Haliburton and Northumberland.
Phase 1 of the project, in which the federal government is financing $7.6 million to help construct a new four-storey building with 25 residential units at the same Water Street location, was announced in August 2020.
Since 2015, the Government of Canada has now invested more than $45 million in Peterborough-Kawartha to help renovate, subsidize and build more than 1,600 units of housing.
“Housing is a major part of the solution to many of our community’s greatest challenges – mental health, addiction, inequity. Our Government understands this and is committed to doing our part to ensure all Canadians have a safe place to call home. We need innovative partners and solutions to address the housing needs in our community and projects like this one do just that. With this investment, since 2015, our Government of Canada has now put forward more than $45 million to renovate, subsidize, and build more than 1,600 housing units in Peterborough-Kawartha.”
– Maryam Monsef, Member of Parliament for Peterborough – Kawartha
“Peterborough has a significant need for more safe and accessible housing. I would like to thank MP Monsef for her work to push this project forward, as well as CMHC and Kawartha Participation Projects for their commitment to providing secure, energy efficient units that meet the needs of our community.”
– Diane Therrien, Mayor of Peterborough
“We have utilized the best available construction materials and assemblies to achieve significant reductions in energy consumption and greenhouse gas emissions. As an added benefit, the same construction methods will meaningfully enhance personal comfort and soundproofing. Barrier-free access will be extended to the future commercial plaza, traffic signals with pedestrian crossing, and walkways and bike path all the way to Nassau Mills Road, assuming relevant agreements can be reached with the City.”
– Sheldon Rokin, President, Greenleaf/Cor-Plan
“This partnership is evidence of the ability of all sectors to come together and work toward the goal of providing appropriate quality housing. This project will not only provide suitable housing but will further Kawartha Participation Projects mission to increase the supply of accessible units and health care supports to people who would otherwise be housed in inappropriate housing or care facilities. People will receive the health care supports they need to live safely in their own homes in their own community.”
– Katherine Blackwood, Director of Housing, Kawartha Participation Projects