Grand opening of Bond by the River on May 1

Grand opening of Bond by the River on May 1

Kawartha Lakes – The community is invited to attend the grand opening of Bond by the River in Lindsay, an affordable housing project by Kawartha Lakes Haliburton Housing Corp (KLH Housing). All are welcome to come and celebrate at 11am on May 1, 2019 at 5 Bond Street East in Lindsay.

“KLH Housing is pleased to complete its third regeneration build within the Bond by the River community,” says Hope Lee, CEO of KLH Housing. “This community will provide brand new energy efficient homes to twelve families.”

A ceremony will be held outside the Bond by the River housing development. Light refreshments and a tour will follow.

Bond by the River is a housing development with 12 three-bedroom townhouse units. At just $997 a month, the rents are 20% less than the average market price and nine of the units have a rent geared-to-income subsidy available. Bond by the River is one of many projects that KLH Housing is developing to address the need for quality, safe, accessible and affordable housing options in Kawartha Lakes and Haliburton.

There is an urgent need for housing in Kawartha Lakes and Haliburton, as more than 1,700 households are currently on the municipality’s centralized waiting list for affordable housing. More than 23% of those on the waiting list are family households, and many will wait for more than three and a half years. Bond by the River is one of KLH Housing’s many projects to address these issues.

The cost of the Bond by the River project was $3.5 million, with $1.8 million in revenue from the sale of older homes. The municipality of Kawartha Lakes waived development charges, planning application fees and building permit fees in order to reduce costs. Funding was also available through Canada Mortgage and Housing Corporation. KLH Housing would like to thank John O’Reilly Real Estate, Tim Welch Consulting, Wilcox Architects, MVW Construction and Canada Mortgage and Housing Corporation for their assistance in this development.

About KLH Housing Corp.

KLH Housing Corp. is the largest housing provider in the Kawartha Lakes service area, which includes the County of Haliburton. KLH Housing owns and operates over 700 housing units located in Lindsay, Fenelon Falls, Omemee, Bobcaygeon, Minden and Haliburton. By providing homes for singles, couples, seniors and families in a range of unit sizes and types, their vision is to provide good quality affordable housing with support services across all Kawartha Lakes-Haliburton communities.

To learn more about KLH Housing, visit their website. For more information on what the municipality of Kawartha Lakes is doing to address housing needs, visit our website.  

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