The Government of Canada, Province of Manitoba and the City of Winnipeg are making a joint investment to create new affordable housing for Canadians.
Through this investment, CentreVenture will be able to offer low income families and individuals more rental housing options and an opportunity to start over.
All three levels of government are supporting the construction of a new $3.7 million 25 unit apartment complex that will be located in downtown Winnipeg.
Construction of CentreVillage is underway and the building is expected to be ready for tenants in the summer of 2010.
This announcement includes more than $1.85 million in funding through the Canada – Manitoba Affordable Housing Program, Manitoba Housing’s HOMEWorks program and the City of Winnipeg.
CentreVenture Development Corporation has noted that they will be working with their community based partners, Knox Centre. This is done to increase the variety of housing options in the Central Park neighbourhood.
In Winnipeg, investments similar to this one are being delivered through the Winnipeg Housing and Homelessness Initiative (WHHI). This is a partnership between the Government of Canada, the Province of Manitoba and the City of Winnipeg.
The 3 levels of government work together to deliver the funding necessary for affordable housing, addressing homelessness and assisting in the revitalization of Winnipeg’s older neighbourhoods.
These investments are part of the Government of Canada’s $1.9 billion commitment for housing and homelessness for low income Canadians.
It is part of the Affordable Housing Initiative (AHI); the renovation programs for low income households and Homelessness Partnering Strategy were renews for two years to March 31st, 2011.
Heleen Jacobsen
Broker of Record with InfoMarket Group GMAC Real Estate
www.infomarketgroup.com
