"Gather, a new offshoot of Indwell, is looking to build an 10-storey, 164 unit affordable housing development at 1907 King St E" (
innsertnamehere on UT)
Hamilton affordable housing project looks for investments big and small with launch of community bonds
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Gather Housing is looking to fill the “missing middle” of affordable housing — geared to people who are working but earning less than Ontario’s median income of $90,000, he said.
For its first Hamilton project, its goal is to raise $15 million within two years to cover pre-construction costs such as the design work and city approvals, he said.
The apartment building at 1907 King St. E. will be 10 storeys and most rental rates will cost 30 per cent of the household’s income, said Brathwaite. A third of units will be eligible for city subsidies to make them “extra” affordable.
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