The federal and provincial governments have announced details of a new 60-unit affordable housing development on Acadian Drive in Charlottetown.
The four-storey apartment, to be known as Martha Place, will be owned and operated by the Kings Square Affordable Housing Corporation. Fifty of the units will be reserved as affordable housing, with rent-geared-to-income for seniors and families. The remaining 10 units will be rented at market rates. Onsite social services will be offered from the Sisters of St. Martha.
The affordable units will be offered to individuals who are currently on the province’s housing registry.
The announcement brings the number of new affordable housing units announced since the province launched its housing action plan last July to 304.
The federal government committed $11.9 million to the project, while the province committed $600,000 in construction grants.
Construction for the new apartments began in May, and is expected to be completed by Summer of 2020.