Safwat Boulos is constructing a 22 unit building with backing from local housing programs
A new 22 unit affordable housing project is being constructed in Meadowvale by a local resident developer, with the support of new funding initiatives at the city and regional level.
Long-time resident Safwat Boulos is a software engineer by profession, but he tells MPulse that “real estate has always been my passion.”
Boulos was excited to share the news of his new project, one of the first such affordable housing projects to break ground with the support of local programs.
The new building will be located at 6020 Winston Churchill Boulevard, near Brittania. It will include a mix of 1, 2 and 3 bedroom units — with every unit including a den.
“Each unit comes equipped with a washer, dryer, dishwasher, heating and air condition. The building also includes a gym, a community hall, and lockers. At the end of the day, affordable living does not mean uncomfortable living,” says Boulos.
The targeted occupancy date to welcome the first tenants to the building is sometime before the end of 2027.
Two new local funding initiatives were key to the project getting underway. The first is the Mississauga’s Affordable Rental Housing Community Improvement Plan, a $70 million municipal incentive program designed to speed up the construction of purpose-built and affordable rental units. It’s backed by the federal Housing Accelerator Fund. The other is the Peel Affordable Rental Incentives Program.
Together, these two local programs have so far supported over half a dozen new affordable rental housing projects that are currently underway across Peel Region.
Boulos commends Mayor Carolyn Parrish for her “unwavering support” of the project and affordable housing in general. He also credits Ward 9 Councillor Martin Reid as “a key backer of the project because of the benefits it brings to the community.”
“This housing project is a testament to what all levels of government and government agencies can accomplish when they cooperate to address an important social issue such as affordable housing — something that would have been impossible without their support,” says Safwat Boulos.
