Kensington Market parking lot to be turned into affordable housing

The city says the project in Kensington Market will put 78 new homes at 35 Bellevue Ave., with a mix of private studio and one-bedroom apartments. The building will include amenities such as shared laundry, a communal kitchen and programming spaces for residents.

"There is a desperate need in this city for affordable housing and this is going to be a wonderful new affordable housing development," Coun. Dianne Saxe said at the announcement.Chow said the project is not specifically to house those individuals, but she said some of them are likely on the 26,000-person waiting list to receive supportive housing.

Through the Toronto Parking Authority, the city is donating $3.6 million worth of land for the project while Section 37 contributions are being used to enhance the climate performance of the building by using mass timber building technology as well as other technologies. The federal government has already kicked in $21.6 million for another project that will see 42 new rent-geared-to-income and supportive homes for people experiencing or at risk of homelessness at 11 Brock Avenue in Parkdale.

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