Vision SoHo Alliance - 600 units (Under Construction)

[johnnyhamont]

Amazing article on this project got a full page in the Toronto Star on Sunday:

https://www.thestar.com/news/gta/2022/07...rio-citys-affordable-housing-crisis.html

How this abandoned hospital has become pivotal in fighting an Ontario city’s affordable housing crisis
By Tess Kalinowski | Real Estate Reporter
Sun., July 17, 2022



It was once a thriving health care campus with an acute care and children’s hospital, training centres for doctors and nurses, and labs that bore groundbreaking medical discoveries.

Today, the old Victoria hospital campus southeast of London, Ont.’s downtown looks more dead than alive. Only two of the five original brown brick buildings remain, boarded up with rotting interiors, and abandoned about 17 years ago.

Now six non-profit affordable housing developers plan to breathe new life into the deserted five acres by taking an ambitious swing at London’s growing housing crisis.

Called the Vision SoHo Alliance and led by the London Community Foundation, the participating agencies have pooled their vision and resources to build a new neighbourhood of 650 homes for more than 800 people in affordable, supportive and market-rent apartments that could be ready for occupancy as soon as 2024.

The coalition is being touted for its ambitious, co-operative approach. Each of the member agencies has committed to building its own housing project within the boundaries of one overarching site plan. The project, estimated to be worth $300 million, will revitalize a forgotten parcel of public land in a city where there are about 6,000 people waiting for affordable housing.

It is targeting 50 per cent affordable units but will have at least 30 per cent affordable.....