By Mark Squibb
The City of Mount Pearl has approved upwards of $100,000 in Housing Accelerator Funding (HAF) for the construction of 20 new seniors housing units.
Councillor Chelsea Lane brought forward a motion during the July 8 public meeting to approve between $85,520 and $100,000 in funding to Masonic Park for construction of the units. The amount is dependent upon the time it takes the group to obtain an occupancy permit.
Masonic Park estimates a project price tag of $4.2 million and have projected an estimated construction timeline of 12 to 18 months.
“I think it’s fantastic to see this type of housing going forward,” said councillor Mark Rice. “I certainly support it one hundred percent.”
The City, in partnership with the federal government, launched the funding program in 2024 as a means to expedite construction of new housing units.