‘Deeply affordable’ CityHousing building first of its kind in Hamilton
https://www.thespec.com/news/hamilton-re...lding-first-of-its-kind-in-hamilton.html
“Deeply affordable” housing units by CityHousing are an option on the horizon for vulnerable Hamiltonians in need a home.
Currently under development at 253 King William St., a three-storey, 24-unit modular housing complex will be home to the highest-priority individuals, including those facing domestic violence and experiencing homelessness, with very low rents.
The model for “deeply affordable” housing would allow tenants to rent for as little as $85 per month based on their income, said Sean Botham, manager of development at CityHousing Hamilton.
He told The Spectator that the rent for the upcoming modular housing will be “very affordable, especially in light of current rental rates.”
The construction project is a first of its kind in Hamilton — manufactured in a factory and then deployed to the location for stacking and joining of the units for further detailing.
CityHousing allocated $6.4 million to build the units at a municipal parking lot, in collaboration with Montgomery Sisam Architects, a Toronto-based company designing sustainable housing models.
$262,500 a unit is really good price for affordable units. Although admittedly they are only 323 square feet.