Latest news with #VillageSoHo
CTV News
3 days ago
- Business
- CTV News
Latest Indwell housing project transforms lives and preserves heritage
More Londoners with specialized needs will soon have a place to call home. Millions of dollars in government funding, as well as public and private donations were announced Monday for the latest project by Christian housing charity, Indwell. 'Highly supportive housing for some people is the first time in a long time that they've been able to have a place of their own, go behind a door, sleep in a bed, and have people there who care about their well-being,' said London Mayor Josh Morgan, while speaking at the steps of 346 South Street in London's Village SoHo. Morgan was among those on hand as London's Health and Homelessness Fund for Change announced $4.8 million in capital funding Indwell's latest highly supportive housing project. 'It's so fitting that this highly supportive housing project is part of Village SoHo- a larger initiative to ensure everyone has a safe, secure, and affordable place to call home,' said Diane Silva, President and CEO, London Community Foundation (administrator of the Fund for Change). In addition, an anonymous donor has pledged $1.1 million, with a challenge to the community to match donations. To date, Indwell had already received $2.8 million in pledges and gifts. 'The Fund for Change is spurring on and leveraging investment from all levels of government, and it's inspiring more of us to dig in to our pockets and donate to a project that's really going to make a difference,' said Jeff Neven, Indwell CEO. Built in 1921, the former Western University Medical School was decommissioned more than a decade ago. The new residence will include 96 units for singles, couples, and families, said Neven. 'And now we have an historic shell that's solid, and we can build apartments inside of that shell. And it's absolutely stunning. You know the enormously high ceilings would give a beautiful loft feeling and volume to the units and large window spaces, would just create a beautiful living space.' The building has been prepped and dried out. The actual construction gets underway in the fall of this year, with a two-year construction timeline. It's expected to be open and welcoming its first tenants by late 2027.
CBC
14-05-2025
- Health
- CBC
London's largest affordable housing development will soon be opening model suits
Village SoHo is located on the former Victoria Hospital grounds in London's SoHo neighbourhood. The multi-building project includes nearly 700 mixed-income rental apartments. London Morning host Andrew Brown met with Greg Playford, a member of the London Community Foundation's Housing Action Committee, to get an update on the development.
CBC
14-05-2025
- Business
- CBC
SoHo housing project ready to rent first affordable units
One of the developers from Vision SoHo Alliance is now accepting applications for the first available units in the newly-named Village SoHo complex in London. Zerin Development Corporation is part of a group of six non-profit developers who have been working since 2022 to transform the Old Victoria Hospital grounds into a massive housing project with 690 units — including 410 affordable units and 280 market-rate units. "It has the potential to be something really special," said Greg Playford, the London Community Foundation representative with the Vision SoHo group. What will be the first finished building, Zerin Place, built by Zerin Development Corporation, is located at 370 South St. and features 119 units in total, including 60 affordable ones, all geared toward seniors. The market-rate units in Zerin Place start at $1,695 per month for a one-bedroom apartment. The model units will be available to view later this month and will be move-in ready in the fall. Playford said he expects the affordable units to go quickly but directed those interested in applying for them to check the new Village Soho website. "We could have built 800, or probably 8000 affordable units, and they'd be in demand," Playford said. "We're just touching the surface, but it's one step at a time and I think we're making something really impactful." Now in the final stages, the Village SoHo project has overcome obstacles. Construction was delayed in 2023 when Indwell, one of the other non-profit developers, was forced to scramble for funding. Indwell is redeveloping the former War Memorial Children's Hospital and Victoria Health Services Building into supportive apartment units. Developers lay out their vision and a new timeline for old hospital lands Despite past difficulties, Playford said everything is on track. "As complex as the project is, it's been a great success time-wise," Playford said. "We are on schedule. We are on budget." A mixed-income community Sister Joan Atkinson chairs the board at London Affordable Housing Foundation (LAHF), another member of Vision SoHo Alliance. She is disappointed that Village SoHo won't be providing more affordable units, but she believes it is beneficial to create a mixed-income community, she said. "If everybody is at the very lowest level of income, nobody is able to do very much to help each other," she explained. Atkinson also added that the mixed model is common in affordable housing across Canada. There are a lot of costs in a project like this, she said. Some non-profits, including LAHF, get fewer subsidies and often need to pay back government money over time, and charging market-rate for some units can help cover some costs. Playford agreed, pointing out that it's the market-rate rent prices that help offset the affordable units. He also saw merit in the social aspect.
