CMHC’s co-op funding initiative has been released. The deadline to apply with a near shovel-ready project is September 15. Funding through loans and forgivable loans would cover 100% of our costs. We are working hard to meet this deadline, and are so fortunate to have been awarded the following grants to assist us with this pre-development work:
- CMCH Seed funding – $80,000
- Co-operators Insurance – $15,000 grant for our feasibility and pre-development work
We also have an outstanding grant application with the Canadian Federation of Municipalities ($30,000) and with the Community Housing Transformation Centre ($40,000).
We are planning to build a three story, 42 unit housing co-operative at 79 Wilson Street West across from the pool. It will have a diverse mixture of units, including one bedroom, two bedroom and three bedroom units. It will also have a diverse mixture of members, from students to seniors. Our application for a zoning change from R2 to R4 will be heard by the Town on August 6.
