6 – 14 ACORN STREET
With over 1,000 units in its real estate portfolio, Hamilton East Kiwanis Non-Profit Homes Inc. (Kiwanis Homes) is Hamilton’s third largest provider of social and affordable housing.
PROJECT FUNDED BY
DEMOLITION OF THE PREVIOUS BUILDING ON THE SITE.
ABOUT THE PROJECT
Presently, Kiwanis Homes is constructing an eight story, 60-unit apartment building on 6 – 14 Acorn Street in the Gibson neighborhood of Ward 3. Key highlights of this project include:
- A mixture of one-bedroom (7), two-bedroom (38) and three-bedroom (15) units for low- and medium-income families and individuals who require supportive housing.
- All units will meet the City’s definition of affordable housing with 20 units having monthly rents between 75-79% AMR and 40 units with rents between 95 – 99% AMR.
- Partnership with CHOICES Dundas to provide supportive housing for 10 – 20 individuals living with developmental disabilities.
- In partnership with the City of Hamilton ensuring that 30% or more of the total number of units be filled from persons on the centralized waiting list.
- No fewer than 31% of all units will be modified/barrier free and all units and common areas will be accessible for persons with physical limitations.
- A target of reducing energy consumption and greenhouse gas emissions by 51%.
- Is within walking distance to high frequency transit, groceries, shopping, medical, educational and recreational land uses.
- Will be kept affordable beyond the 46-year time frame identified within the request for proposal.
There are several reasons for constructing the proposed development. Among the most salient are increasing the number of affordable housing units in Hamilton, constructing larger unit sizes to permit over housed tenants to stay in affordable housing and improving the financial and environmental sustainability of Kiwanis Homes as an organization.
The location of the development also enables Kiwanis Homes to utilize the assets and personnel it currently has at its 21 – 71 Sanford Avenue North apartment buildings. This includes a large playground, tenant programming and activities, support services and vehicle parking if need be.
To construct the proposed development, Kiwanis Homes has assembled a team of consultants who have a broad range and depth of experience in constructing multi-residential affordable housing in Hamilton and throughout southern Ontario.
The proposed development is being designed by SRM Architects Inc. while Tim Welch Consulting has been retained to prepare capital and operating budgets, secure project financing, coordinate and obtain development approvals. Lotus Construction Management is the Project Manager and Melloul- Blamey has been retained as the builder of choice.