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Feb 6, 2021 2:07 PM
The Prince Edward County Affordable Housing Corporation has been guaranteed $180,000 in funding from the Canada Mortgage and Housing Corporation (CMHC) for the redevelopment of the old Wellington Arena.
The Prince Edward and Hastings County are transforming the arena at 230 Niles Street in Wellington into a multi-unit affordable rental housing complex with one and two bedroom units.
These units in the new development will meet the CMHC guidelines for affordability, with rents at least 20 percent below the CMHC median market rent for the community. Construction is planned to begin between December 2021 and January 2022 with occupancy expected to take place 12 -15 months after construction begins.