Plans to build 176 affordable rental unit approved by County of Simcoe – Barrie | 24CA News
Simcoe County Council has voted to endorse plans to construct a brand new 176-unit inexpensive housing and mix-use area in Barrie.
The county is committing $189 million to the challenge on Rose Street, which is able to embrace a mixture of completely different housing varieties like rent-geared-to earnings, inexpensive housing, and models for what the county is looking the “missing middle.”
There will even be further area for social, well being and group companions, together with an Ontario Works workplace, group programming, and facilities like doable daycare area and medical places of work.
“County Council once again demonstrated our commitment to building up our communities and investing in long-term, sustainable solutions,” stated Warden Basil Clarke. “Our Social and Community Services staff came to us with an incredible proposal that isn’t just a building – it offers greater hope and stability for future residents.”
County Council endorses plan to create a 176-unit mixed-use constructing on the County’s Rose Street location in Barrie.
Supplied by Simcoe County
The 1.9-hectare website is in a central location within the built-up city setting with entry to business facilities, faculties, transit and pedestrian connectivity. Community session will happen as the method continues.
The Rose Street growth will assist low to moderate-income households and can present houses for single people, households and seniors in want.
This newest challenge comes after the county celebrated a momentous milestone, surpassing a 10-year inexpensive housing goal forward of schedule.
In March, the county introduced it had surpassed its aim of making 2,685 inexpensive houses throughout the county forward of its 2024 deadline.
With this in thoughts, the county is transferring on to making a plan for what the following 10 years will seem like by way of affordability.
“Council wants to ensure that we’re making the biggest impact possible as we forge ahead and use this build as a foundation for our next 10-year regional housing strategy,” Clarke stated.
This newest announcement comes at a time when housing affordability in Barrie is an growing concern, with inflation making the price of dwelling extra unaffordable.
According to Zumper’s nationwide lease report, Barrie ranked because the seventh most costly rental market within the nation final month, with the costs of 1 and two bedrooms settling at medians of $1,880 and $2,000, respectively.
The group reviews that the value of 1 bed room in Barrie is up 17.5 per cent since this time final yr.
With this approval by County Council to proceed, the County expects that Rose Street website preparation will start in early 2024, with an estimated completion date in 2026 or 2027.
© 2023 Global News, a division of Corus Entertainment Inc.
