Federal, provincial and municipal politicians were on hand on Main Street yesterday to announce that 25 of the 45 units in this building will be affordable, thanks to $16 million in public funding. (Most, $11.8 million, will come from the feds, with $4.7 from Nova Scotia and $163k from HRM.) Another 12 units are fully accessible units. Some units will be designated for seniors, and others for those with developmental disabilities.
According to Ken Greer, chair of the Affirmative Ventures NPO, monthly rents for one-bedroom units will start at $850, and two-bedrooms will be around $1000, well below the average market rate of $1300 and $1600.
The first level and subgrade levels are now roughed-in and all six floors should be ready for occupancy next year.
Image credit: CBC
Reportedly, the ground floor will have a cafe and community room along with Affirmative Ventures offices.
Image credit: CBC
Greer says Affirmative Ventures is also planning a 35-unit apartment building on Karen Drive (which is further east off Main Street, just past Loon Lake), with one-bedroom units renting for $560, and two bedrooms for around $750.