Hello Ward 8 Neighbours,
60 Caledon Avenue, the former home of Mountain Secondary School, will soon become the site of a new mixed income housing community after the City closed a real estate transaction with Hamilton East Kiwanis Non-Profit Homes and Victoria Park Community Homes, who have come together to form a limited partnership called Caledon Community Collaborative for this project.
For more details, please continue reading below…
This week, council approved the sale of 60 Caledon Ave. through a $5.073M in-kind contribution towards the development. According to the City, this contribution reduces the capital cost of the project helping it to achieve affordable rents.
The partnership also secured Seed Funding from the Canada Mortgage and Housing Corporation through the National Housing Strategy.
The City originally purchased the former Mountain Secondary School property in 2018, by investing $3.13M from the City’s $50M Poverty Reduction Investment Fund, with the goal of creating a family focused affordable rental project, utilizing collaborative solutions to achieve goals within the City’s Housing and Homelessness Action Plan.
According to the City release, Hamilton East Kiwanis and Victoria Park Community Homes have been working towards a partnership for development for several years.
Caledon Community Collaborative will be the founding partnership between the two independent organizations. A formal partnership of this kind between multiple non-profit organizations is a new model in Hamilton, and both non-profits are confident that their collaboration will be replicable across the country, encouraging further joint developments of this kind in Canada.
“I am excited to work with Victoria Park Community Homes, East Kiwanis Non-Profit Homes Inc. and the Ward 8 community towards the development of badly needed affordable housing on the Hamilton Mountain.”
Ward 8 Councillor John-Paul Danko
This collaboration will support Hamilton is Home’s initiative of developing 3000 affordable units over three years. It is also in alignment with the Government of Canada’s objective under the National Housing Strategy to create a new generation of housing in Canada, providing more Canadians a place to call home.
Community consultations are targeted for 2021.
Questions or Concerns?
If you have any questions or concerns, please contact our office here.
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