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The federal government is providing a $25.27-million loan to Valente Development Corp. to help build a 99-unit rental project in Tecumseh that will include an affordable housing component, Liberal Minister of Families, Children and Social Development Ahmed Hussen announced Monday
The town of Tecumseh is providing a $100,000 grant through its Community Improvement Program and some tax incentives over the next five years.
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The six-story building will be located at 11870 Tecumseh Road East. It will feature 31 units with rents affordable at or below 30 per cent of household median income in the area.