Canada and Ontario Providing More Community Housing in Peterborough-Kawartha
The Government of Canada and the Province of Ontario are providing $2,457,000 to
help create 63 Community housing units in Peterborough that will support individuals in the
community.
This project is part of an investment of over $46 million through the Canada-Ontario Community
Housing Initiative (COCHI) to create 267 affordable housing units across the province. COCHI is an
initiative of the Canada-Ontario Bilateral Agreement under the National Housing Strategy (NHS).
Located at 555 Bonnacord St, the six-story building, has 85 units in total including both one- and
two-bedroom units. Amenities in the building include dining room with meal options, laundry
facilities, and a common room. Certain units are designated for individuals who require health and/or
housing supports which is provided on-site through community partners such as VON.
“555 Bonaccord is a unique building for PHC, offering both market and affordable units in a multigenerational setting. The ground floor commercial space offers several amenities such as on-site
offices for support partners, common spaces for tenants, meeting facilities for the public and dining
options for both tenants and the public. The COCHI funding is a much-appreciated contribution
towards our capital costs.” – Hope Lee, CEO, Peterborough Housing Corporation
“Our community is working together to build affordable housing – to build homes. The dedicated
team at the City’s social housing agency, Peterborough Housing Corporation, led a true community
effort to build the $31.1-million, 85-unit second phase at Hunt Terraces that includes 65 community
housing units and 20 market rent units. Thank you to the Province of Ontario and the Government of
Canada for investing in this project alongside the City and County of Peterborough. As we strive to
meet the critical housing needs of residents, Hunt Terraces serves as an example of what we can
accomplish together.” – Jeff Leal, Mayor, City of Peterborough
“I am extremely happy to announce this funding which will support senior housing within our
community. The 63 additional units will provide a variety of affordable housing paired with great
amenities,” MPP Dave Smith said. “It is part of our government’s commitment to build 1.5 million
homes to tackle the housing crisis, as well as helping seniors stay in their own homes. This funding
works to address both commitments seen through the collaboration of all levels of government and is
a fantastic announcement for the Peterborough-Kawartha region.” – Dave Smith, Member of
Provincial Parliament – Peterborough Kawartha
“Everyone deserves a safe and affordable place to call home. That is why our government is working
hard to help more Ontarians find a home that is affordable and meets their needs. I am pleased to see
the strong relationships we have built with all levels of government, and we will continue to work hard
to tackle Ontario’s housing crisis.” – The Honourable Steve Clark, Minister of Municipal Affairs
and Housing for Ontario
“Senior citizens have brought so many contributions to our society that making sure that they have a
safe and affordable home is one way to give back to them. This project will greatly improve the wellbeing
of seniors in Peterborough who need supportive care and a place to call home.” — Jennifer
O’Connell, Member of Parliament for Pickering—Uxbridge
Quick Facts
- The Canada-Ontario Community Housing Initiative (COCHI) provides funding to repair, regenerate and expand community housing so tenants can live in a home that is affordable. It can also be used to support community housing providers whose original program arrangements are expiring and help them to become more sustainable.
- The Ontario government invested $1.2 billion in emergency funding under the Social Services Relief Fund to help municipal service managers and Indigenous program administrators respond to COVID-19, create longer-term housing solutions, and help vulnerable people, including those who are homeless or at-risk of homelessness.
- Ontario is also investing an additional $202 million each year for the Homelessness Prevention Program and Indigenous Supportive Housing Program – bringing Ontario’s total yearly investment to close to $700 million.
- The government’s latest housing supply action plan – Helping Homebuyers, Protecting Tenants – is the latest in a series of steps Ontario is taking to increase housing supply and help more people find a home they can afford. For more information on affordable housing, visit ontario.ca/affordablehousing.