WINNIPEG — A new multi-unit rental housing complex is planned for downtown Winnipeg, just steps from the Winnipeg Art Gallery.
The Arts District project was announced Wednesday and promises 119 new rental units for middle-classes families at 290 Colony Street.
The federal government is investing $26 million into the 14-storey building through a low-interest loan to the Winnipeg Community Renewal Corporation. At least 46 units will meet rental guidelines under Manitoba’s affordable housing guidelines.
The University of Winnipeg Community Renewal Corporation is a partner on the project with the federal government.
“The University of Winnipeg has a long history of working in partnership with the surrounding community to make good things happen,” said Dr. Annette Trimbee, UWinnipeg president and vice-chancellor.
“Through the University of Winnipeg Community Renewal Corporation (UWCRC) & UWCRC 2.0 Inc., we are innovative in our approach to real estate by developing projects that have benefits for a broad range of people, including students and community members.”
Construction is expected to be completed by mid-2020.
Jean-Yves Duclos, Minister of Families, Children, and Social Development, is announcing $26-million of federal support, in partnership with the UWinnipeg Community Renewal Corporation, to create an affordable housing complex at 290 Colony Street. pic.twitter.com/0GMbhqz4gf
— UWinnipeg (@uwinnipeg) January 23, 2019