Home National housing Housing development in Sarnia gets a financial boost

Housing development in Sarnia gets a financial boost

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A delay in the construction of a new affordable housing project in Sarnia will not negatively impact the local tax base once the county receives federal funding.

Construction of a new three-storey expansion at Maxwell Park Place has been delayed due to site service issues identified earlier this year. The construction of the modules has also been delayed.

Housing Services Manager Melisa Johnson said the project’s occupancy date had been pushed back to March 2023.

“Work on the site is continuing and formwork is expected to start later this week or next week with foundation work completed hopefully by the end of October,” Johnson said.

Due to various factors, the cost of the project is approximately $500,000 more than originally anticipated. The original budget was $6.1 million and the current estimate is now $6.6 million.

“We recently learned that we were successful in receiving an additional $1.8 million from the National Housing Strategy Co-Investment Fund, so in terms of impact on the local tax base, there will be no no impact, it will actually be a beneficial outcome. .”

The funding received means that the county will not need to draw as much as planned from the affordable housing supply. Staff recommended that Council redistribute approved funding for Maxwell Park Place to allow for future housing developments.

The National Housing Strategy funding report was accepted at a council meeting on October 5th.

The federal government launched a 10-year National Housing Strategy in 2017, with the goal of housing 530,000 families and reducing chronic homelessness by 50%.

As outlined in the county’s housing and homelessness plan, the goal is to build 75 additional affordable housing units (with the help of government funding) by 2024.