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financial report

financial report

The current housing crisis is having a profound impact on many in our community, in particular the women and families we serve. The prohibitive cost of rentals and home ownership, coupled with skyrocketing costs of living, is making life virtually impossible for far too many.

With the knowledge that safe and affordable housing is simply not available in our community, FTP is endeavouring to create a solution—by designing and building it ourselves. Our vision is a three-storey 22-unit apartment building that will provide safe, supportive and truly affordable housing for women and children that we support on our existing Bredin Parkway site.

Together, with our development partner, Raising the Roof, we have been working for over 18 months on funding applications, including our most recent grant application to the third-round stream of the Rapid Housing Initiative (RHI), facilitated by the Canadian Mortgage and Housing Corporation (CMHC), submitted on March 15, 2023. A successful application will see an over $12-million federal investment in our community and this building completed and families living there, within 18 months.

This new building will:

• Have three storeys and be seamlessly integrated into our existing building esthetic and design;

• Have 22 barrier-free units—4 two-bedroom, 16 one-bedroom and two studio units;

• Have a rooftop garden terrace, complete with a sensory play area for children;

• Be constructed out of insulated concrete forms (ICF)—efficient, sustainable and safe;

• Contain a living wall, community room, gym, suitable storage, counselling meeting rooms and Property Manager and Tenant Relations offices;

• Ensure women and children who need a safe, supportive and affordable place to live, have a place to call home.

This project has been endorsed by MP Kyle Seeback and MPP Sylvia Jones. It has been unanimously supported—both in principle and with ongoing operational funding—by the Town of Orangeville and the County of Dufferin for the next 20 years, if we are one of the successful recipients of this competitive national CMHC RHI funding.

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