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“HEARTWOOD PLACE ON AINSLIE” HEARTWOOD PLACE is excited about developing the formerCambridge Reporter site in downtown Galt to create 66 new affordable apartments. Working with theJamesway Construction Group, we have designed a handsome building which willcomplement the heritage buildings in the surrounding neighbourhood. BothHeartwood Place and Jamesway are committed to quality design and good buildingprinciples while remaining diligent about every aspect of the cost. The plansinclude an accessible Community Room where programs will be offered and anadjoining Coffee Shop where training and employment opportunities will beavailable for our tenants and downtown residents. There will also be room onthe site for a courtyard, adequate parking and landscaping. The estimated cost of “HeartwoodPlace on Ainslie” is $10.622 Million. We have received confirmation ofgenerous funding for $4.62 Million from the Canada-Ontario Affordable HousingProgram-Brownfields Initiative. Other welcomed news was confirmation from theMinistry of the Environment to develop the property through a Record of SiteCondition. The initial goal for our target for PROJECT HEARTWOOD, ourfundraising campaign, was $1.78 Million. However, through competitive pricing,municipal programs and other cost-saving initiatives, we could reduce that to$1.436 Million—which we have now achieved! Support has come from many parts of our community and includes$300,000 from the Waterloo Regional Record, $150,000 from the Lyle S. HallmanFoundation, $100,000 from Mike and Hennie Stork, $60,000 from The EconomicalInsurance Group, $50,000 from Spaenaur and $30,000 from Dave and CathySutherland. Generous contributions fromthe contractors include $136,000 from the Jamesway Construction Group, $60,000from Gosen Electric, $50,000 from Glenn Sider Plumbing & Heating Ltd. and$30,000 from Farwell Hearting Inc. A total of $466,340 has been given by other generousdonors, including our Board and Staff. Additional support from Incentive Programs at the City ofCambridge included a savings of $99,000 through the Brownfield RedevelopmentProgram. Other cost-saving aspects of the project include relief of developmentcharges from both the city and the region.
HEARTWOOD PLACE continues to develop strongpartnerships to make this project asuccess. Working closely with representatives from the Housing Divisionat the Region of Waterloo and CMHC provides valuable information and advice.Consulting with social service providers about requirements for their clientsgives us helpful information. An existingrelationship with Waterloo Regional Homes for Mental Health will be extended toprovide apartments for their clients. Plans include securing funds from TheTrillium Foundation for the Community Room. Financial support for trainingprograms in the Coffee Shop will be established. The City of Cambridge has beenencouraging and cooperative in this initiative which will enhance downtownGalt.
HEARTWOOD PLACE is committed to managing its properties andproviding support for our tenants, including networking, intervention andadvocacy. This positive environment is an essential part of our vision that“lives of individuals and families will improve and communities of hope willemerge.” Creating 66 new affordable apartments which will provide a safe,affordable “place to call home” is the primary reason for this project. Beingpart of the renaissance of downtown Galt is also very important for ourorganization. We are pleased to participate in further improvements andinvestments in our Region. Go to Project Heartwood Online Now... |
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