Solving Canada’s housing challenges requires immediate action. To provide Canadians with increased access to affordable and sustainable housing, the federal government is supporting the construction of 121 new rental homes with an investment of over $45 million through the Apartment Construction Loan Program (ACLP).
The announcement was made by the Honourable Mona Fortier, Member of Parliament for Ottawa – Vanier – Gloucester, on behalf of the Honourable Gregor Roberston, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada, alongside Mark Sutcliffe, Mayor of Ottawa and Rideau-Rockcliffe Councillor Rawlson King.
Located at 375 Codd’s Road in the Rockcliffe community, Bayview Wateridge will be developed by the Bayview Group. The six-storey building will feature parking spaces, a 24/7 fitness centre and outdoor amenities offering individuals and families a place to call home. The site is located close to parks, schools and restaurants within just a few minutes from downtown Ottawa.
For more info visit cmhca-schl.gc.ca.
As we build more housing sector, purposeful collaboration will be essential. That means working hand-in-hand with our partners to bring down costs and build homes at a faster scale and speed.
Councillor King said that: This groundbreaking brings Wateridge Village's vision for inclusive communities to life. With 22 units capped at 20 per cent of household income, we're ensuring families can afford to live in Rideau-Rockcliffe Ward while meeting their other essential needs. Through this development, Wateridge Village sets the standard for inclusive development, which includes affordable housing integrated seamlessly with market housing to create truly mixed-income communities.
