الأربعاء, نوفمبر 27, 2024
الأربعاء, نوفمبر 27, 2024
Home » Habitat for Humanity gets provincial grant for Spryfield development

Habitat for Humanity gets provincial grant for Spryfield development

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Once complete, Habitat Way will have 77 affordable housing units, making it the largest Habitat for Humanity affordable housing project in Canada

CITYnews halifax \ Meghan Groff

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Habitat for Humanity Nova Scotia is getting a provincial grant for a Spryfield development.

The $203,500 will help the organization with project management, design and other pre-construction costs for the Habitat Way development at Drysdale Road and River Road.

Seven families already live in the community, and once complete, Habitat Way will have 77 affordable housing units, making it the largest Habitat for Humanity affordable housing project in Canada

“Owning a home can be life-changing for families,” said Minister of Municipal Affairs and Housing, John Lohr, in a news release.

“When you own a home, you have options and that is a powerful thing. Homeownership can give families the strength and stability they need to build happier and healthier lives.”

Habitat for Humanity allows qualified families to purchase a home with no down payment, an interest-free mortgage and monthly payments that never exceed 30 per cent of their household income.

In order to qualify, homebuyers also need to agree to complete up to 500 hours of volunteer work.

Ground will break on Phase 2 of the Habitat Way project later this year, with the aim of building the next five homes in 2023.

According to the province, the current housing deficit in Halifax Regional Municipality is estimated to be at least 17,000 units and growing.

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