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Heartwood Place on Ainslie |
HEARTWOOD PLACE is excited about developing
the former Cambridge Reporter site in downtown Galt and building 66 new
affordable apartments. We have worked with Andrew Bousfield,
Architect,
Jamesway Construction and Premier Project Consultants to
design
an attractive seven-storey building with a façade which will
complement
the surrounding neighbourhood. Bright, spacious one, two and
three-bedroom apartments will include quality finishes, efficient
mechanical systems, energy-saving windows and exceptional insulation.
There are several advantages to this setting, including direct access
to
the bus terminal across the street and nearby shops and services.
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Why We Need More Affordable Housing |
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Although
the government has supported the creation of 1500 new affordable housing units
since 2000, there are still 10,000 people on the regional waiting list; the
wait can take up to four years
- According to CMHC standards, housing costs should not exceed 30% of a person's gross income. Many single mothers pay far more than this - in some cases up to 80%. It is hard to accept that over 50% of them live below the poverty line!
- Over 47,000 Waterloo Region residents are living in poverty.
- One in five tenant households in Ontario is paying 50% or more of their total household income on rent.
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