Wednesday, June 21, 2006

Ottawa Housing Now More Affordable

An Ottawa downtown parking lot is being dug up to make room for a new high-rise apartment complex which will contain 119 affordable housing units.

The City of Ottawa, Teron Incorporated, and Multifaith Housing Initiative are teaming up to get the project off the ground.

With a price tag of over $175 000, the Somerset Gardens units are aimed at those in a household that bring in over $50 000 a year.

The housing charity bought 10 units, which will be rented to low-income earners at just over $500 a month.

The building, located at 138 Somerset Street, should be up this time next year.


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