LONDON, ONT. A massive new development that will help fill the city’s housing affordability gap is taking shape in London’s SoHo neigbourhood. London city council has approved the sale of the remaining former Victoria Hospital Lands on South Street to a newly formed group of non-profit housing developers called Vision SoHo Alliance. Just over 2.5 hectares on the north side of South Street will be transformed into a mixed-use housing complex. More than 600 units in total will include 300 at affordable rates, the remainder at market rates. Affordable housing is not what it used to be said Greg Playford, of the London Community Foundation’s Housing Action Committee.
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A pledge to build thousands of new affordable housing units is a laudable goal, experts say of Mayor Ed Holder’s state of the city announcement, though it won’t be enough to wipe out homelessness by 2026.
Holder unveiled a five-year plan Tuesday to create 3,000 affordable housing units during the next five years in his annual address, calling on developers to play a larger role, and sharing his “mission” to get the city to “functional zero” chronic homelessness, meaning those who are homeless can be connected with a new place to live within a month.
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