TECUMSEH, ONT. A new 6-storey, multi-residential building consisting of 99 residential units will soon be constructed at 11870 Tecumseh Road E. The Government of Canada announced Tuesday it will loan money of the rental units at the cost of $25.27 M. The units are part of a new project, titled Tecumseh Gateway Tower. Fourteen units will be one-bedroom and the remaining 85 will be two-bedroom units. The building will also feature several amenities, including a gym and an outdoor landscaped area. A minimum of 31 units will have rents affordable at or below 30% of Household Median Income in the area. “I am incredibly thrilled to be bringing this purpose rental project to The Town of Tecumseh,” says Peter Valente, President, Gateway Tower Inc. “We have many projects we are working on, but I am very proud to be part of this project to serve a need for more Affordable Housing Product in Windsor & Essex County.
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TECUMSEH, ON, May 25, 2021 /CNW/ - Every Canadian deserves a safe and affordable place to call home. Thanks to investments made by the Government of Canada, residents of Tecumseh will now have more stable rental housing options.
Government of Canada (CNW Group/Canada Mortgage and Housing Corporation)
Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), alongside Irek Kusmierczyk, Parliamentary Secretary to the Minister of Employment, Workforce Development and Disability Inclusion, announced a $25.27 million insured loan to help construct 99 new rental units in the Town of Tecumseh.
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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.