-8.2 C
Kawartha Lakes
Tuesday, December 7, 2021
HomeLocal CouncilTwo new affordable housing complexes approved for Lindsay

Two new affordable housing complexes approved for Lindsay

KAWARTHA LAKES-City council has approved two new affordable housing complexes to be built in Lindsay.

There is a significant wait time for affordable housing and there is currently a shortage of available units. Approximately 1,600 households across the City of County are on the waiting list. New affordable housing units will help to address some of the needs of the City which currently has the highest waiting list according to officials.

Kawartha Lakes Haliburton (KLH)Housing Corp gave a presentation to council on Monday to propose two new affordable housing developments for Lindsay Street North and Hamilton Park areas. KLH Housing Corp requires land in Lindsay to complete its regeneration project (a minimum of 40 units, ranging from one to three bedrooms).

“The proposed affordable housing units will offer well maintained, safe and affordable, mixed income rental housing for the community,” said Hope Lee, Housing Manager. “In order to complete part three and four of the regeneration plan, it is recommended that Council proceed with the Lindsay and Hamilton Street sites.”

Council voted in favour of the plan on Tuesday.

Hamilton Street Site

KLH Housing Corp recommended the sale of 16 older single and semi-detached KLH Housing units and to replace them with 26 newly constructed housing units. A portion of the units (16) would be rented as rent-geared-to-income through a rent supplement agreement between the City and KLH Housing Corp. The units under consideration for sale are not accessible and it would be a costly renovation to undertake for homes that are currently over 40 years old. The addition of 26 new affordable and accessible rental apartments will be geared to seniors. The development will also assist in the revitalization of the neighbourhood and repurposing of a portion of open space that is not actively used. Read the full KLH Housing – Hamilton Park report on the City’s website.

Lindsay Street North Site

KLH Housing Corp recommended the sale of 11 older single and semi-detached KLH Housing units and to replace them with 16 new affordable rental units. A portion of the units (11) would be rented as rent-geared-to-income through a rent supplement agreement between the City and KLH Housing Corp. By applying the proceeds from the sale of the 11 units, there will be a net gain of five units. The units under consideration for sale are not accessible and it would be a costly renovation to undertake for homes that are currently over 40 years old. The new development will also assist in the revitalization of the neighbourhood and repurposing of a portion of land not actively being used. Read the full KLH Housing -Phase 2 Lindsay Street North report on the City’s website.

Council recently received a presentation for the City of Kawartha Lakes and County of Haliburton (CKL-H) Housing Asset Management Plan (AMP). The Plan provides an overview of the City’s approach to maximizing the benefit of available housing assets, managing risk and providing satisfactory levels of service. It also identifies the forecasted capital requirements within the next 10 years based on a detailed review of the current inventory of affordable housing.

The City is the Service Manager responsible for the funding and administration of certain affordable housing assets in the City and County. This includes Kawartha Lakes Haliburton Housing Corporation (KLH Housing Corp) which has more than $100 million in housing assets. Other non-profit housing providers have over $40 million of housing assets. Many of the units are over 40 years old and would require significant investment to maintain.

The AMP lists and grades the capacity, condition, finance and reliability of all assets. It also has a report card which shows that housing assets are currently at a B level (good), however, the assets identified in the Plan require significant ongoing investment in operation, maintenance and renewal activities to ensure they are kept safe, structurally sound and fit to support the ongoing delivery of services.

The Plan will be reviewed every five years and updated every 10 years alongside the City’s Asset Management Plan. Other strategies outlined to advance the state of affordable housing include:

  • Prioritize capital investments
  • Create a Preventative Maintenance Plan and share it with housing providers
  • Continue to implement energy saving initiatives
  • Adding additional buildings

In addition to the physical condition, the reliability and the funding to maintain the current assets, the AMP grades assets against capacity. Capacity is the ability for the current assets to ensure they meet current and future demand. With the current affordable housing shortage and long waiting lists, ensuring an adequate rating under capacity is difficult.

 

Don't forget to sign up for our morning newsletter.

Catch up on all the local news while enjoying your coffee.

Pamela Vanmeerhttps://www.kawartha411.ca/
Pamela VanMeer is a two time winner of the prestigious Radio Television Digital News Association (RTDNA) Award. Her investigative reports on abuse in Long Term Care Homes garnered international attention for the issue and won the Ron Laidlaw Award. She is a former reporter and anchor at CHEX News, now Global Peterborough and helped launch the New CHEX Daily, a daily half hour talk show. While at CHCH News in Hamilton she covered some of the biggest news stories of the day.

Most Popular