The Kawartha Lakes Haliburton Housing Corporation is vying for support to build in Minden and Fenelon Falls.
City of Kawartha Lakes officials announced today that the regional housing organization has asked the councillors in the City of Kawartha Lakes for support in the creation of two multi-unit buildings.
The housing corporation is hoping to build a 21-unit building just east of the S.G. Nesbitt Memorial Arena. KLH says the building would go on a two-acre plot of land and it would have one, two, two bedrooms with a den and three bedroom apartments. According to KLH if built it would also have four fully accessible units, the main floor common area, a laundry room and an elevator.
KLH says that the creation of the building would help the county’s goal of increasing the supply of affordable housing. KLH explains that in Minden there is 81 subsidized units and over 300 households on a centralized waiting list and additional 71 units on the market waiting list.
The price of constructing the three-floor building carries an approximate cost of $4.5 million which KLH says they are asking the city to assist with $2.9 million in debt financing by taking out a loan that KLH would repay through rental revenue.
According to KLH the building they are proposing for Fenelon Falls would be a 30-unit building. They say this building will have 14 one-bedroom units of varying sizes, as well as two and three bedroom units. This building carries an approximate cost of $6.8 million which KLH has asked for $3.9 million in assistance from the city of Kawartha Lakes.