Another Document from the city of Toronto website provides a little more insight to how St. Clare’s funding the 180 Sudbury St Affordable Housing Project.
Excerpt
10. St.Clare’s Multifaith Housing:
180 Sudbury Street
St. Clare’s Multifaith Housing is working in partnership
with Verdiroc, a private developer, to build 190 affordable
homes in the West Queen West Triangle on former
industrial lands. St. Clare’s responded to the scarcity of
affordable family housing in the city: almost half of the
homes in the building are two, three or four bedroom.
St. Clare’s has created a number of special studio units
for artists, some of whom lived in the area before
redevelopment occurred. This will be a mixed-income
community, with most units renting for 80% of average
market rent, while 25% will be geared-to-income.
St. Clare’s received capital funding from the City of
Toronto and the Canada-Ontario Affordable Housing
Program. CMHC provided Seed Funding to get the
project started.
http://www.stclares.ca/abell.html
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