Posted Feb 5, 2009, 2:09 AM
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Join Date: Apr 2007
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Looks like the Milton Heights complex is getting a facelift...
Quote:
$12M will renovate Regina apartment building
By Joe Couture, Leader-PostFebruary 4, 2009 7:01 PM
REGINA -- Under the banner of investing in affordable housing, the provincial government plans to spend $12 million to renovate a Regina apartment building.
The money, part of the $500 million in spending announced earlier this week, will provide a complete makeover for the 10-story, 140-unit Milton Heights complex on Broadway Avenue.
The building is one of three in the city operated by the Regina Lutheran Care Society (RLCS) and houses seniors, students and people with disabilities.
“This is a perfect building for this kind of funding,” said Sask. Party MLA Laura Ross following the announcement, noting the building requires significant mechanical and cosmetic upgrades.
“The money that was allocated for this building is going to improve this building so in fact we will maintain the housing stock within the rental pool,” Ross added when asked why the funding wasn’t allocated to create more spaces in a market where vacancy rates hover below one percent.
“If you don’t maintain high rise buildings or apartment buildings, a lot of times what happens is it goes to become a condo, and then it no longer is within that affordable housing,” she continued.
The owners were in the midst of selling the building before being approached by the Saskatchewan Housing Corporation, RLCS CEO Jill Beatty said.
But city council essentially placed a moratorium on new condo conversion applications in Regina last year, so it is unlikely the building would have been changed over immediately following a sale.
City councilor Louis Browne applauded the Milton Heights announcement, but said more is needed to combat the shortage of rental properties.
“It is far more economical to take Milton Heights and refurbish it than to build brand new,” he said. “As opposed to short-term stop gaps, we need to see hundreds of new units come on-stream, and the only way that’s going to happen is with new construction. We’d like to see construction incentives so developers can build new multi-rental units.”
There are currently 150 new affordable housing units under development in Regina, and more commitments of capital for housing are expected in the budget, according to the province.
Built in the mid-1950s, Milton Heights was the first high-rise apartment building in Regina, according to Ross. RLCS, a non-profit, has tried to obtain funding for the building, formerly known as Tower Gardens, for the last two years.
“It was an 11th-hour reprieve,” said Beatty. “We’re very grateful they did a lot of work and found a way to reach out to us, because we had given up.”
Sask. Housing conducted an extensive evaluation of the property to come up with the $12 million figure, Beatty explained. The next step is to formulate a plan for the repairs, she added.
Rents in the building, which contains bachelor and one- and two-bedroom suites, currently range between $400 and $700, Beatty said. The government does not expect any rent increases to occur following renovations.
Those living in the facility welcomed news of the upcoming upgrades.
“I think it’s wonderful,” resident Maureen Staines said of the announcement. “I love it here. Good people, and it’s just a nice place to live. I feel safe here.”
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