TPR Hamilton | Hamilton's Civic Affairs News Site (https://thepublicrecord.ca/topics/cityhousing-hamilton/)
CityHousing Hamilton projected a $4.6-million shortfall, and growing arrears will add to this amount.
City staff will update on other social housing providers in the near future.
The deficit comes as City Council instructs CityHousing to freeze its budget at 2020 levels.
CityHousing Hamilton says they hope to expand this type of service to other properties in Hamilton where HCE offers service.
CityHousing will take possession of two downtown City of Hamilton parking lots to build social housing to replace the townhouses of the existing Jamesville CityHousing in Hamilton’s North End, if a motion authorizing the sale is approved by Council in the coming weeks.
City Council is holding a special meeting to accept the 2015 financial statements of CityHousing Corporation.
Live video at 1:30pm
Hamilton’s public housing agency, CityHousing Hamilton, is asking Council for a $3,825,538 budget increase for 2015 citing increased cost due to bed bugs and natural gas costs increases.