Peterborough will be getting some additional rental units for those looking for housing.
The federal government announced today it is investing $7.6 million to help build 25 units on Water Street.
Peterborough-Kawartha MP Maryam Monsef says the development includes a unique partnership with Kawartha Participation Projects.
Peterborough’s rental vacancy rate in 2019 was 2.1 per cent according to CMHC’s annual rental market report.
In 2019, the feds spent more than $8 million combined through the National Housing Strategy in the Brock Mission and Habitat for Humanity Peterborough to build 56 affordable housing units and create 30 shelter beds in Peterborough.
