Province approves City of Ottawa's plan for $37.5M in housing funds

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Province approves City of Ottawa's plan for $37.5M in housing funds
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The initial announcement that Ottawa had broken ground on 10,313 new housing units in 2023 was made in April, but the City had to submit an investment plan to the province for approval, detailing how it would spend the money. The plan was approved on Aug. 13, meaning the cash will soon be in city coffers.

The City of Ottawa will be getting a $37.5 million boost in funding from the provincial government for housing projects.

The biggest share of the funds will go toward two affordable housing projects. The City will put $16 million toward building 158 affordable housing units at 1770 Heatherington Rd. and $9.5 million toward 38 affordable units for seniors at 2270 Braeside Ave. The City will also put $2.5 million toward road construction to create better access to a property on Lanthier Drive, which the City failed to sell due to the cost of the required road extension needed to service the site. Once sold, the site should be able to accommodate up to 300 new homes, including affordable units, the memo says. Funding will support cost sharing of the road and, in turn, the sale of the land.

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