Federal funding announced for affordable apartments near Winnipeg Art Gallery

Students and people living downtown in the near future will have one more option for affordable housing.The federal government announced a $26 million low-interest loan to the Winnipeg Community Renewal Corporation to complete a 119-unit building near the Winnipeg Art Gallery.The building, which will contain only affordable apartments, means that rent will be set at no more than 30 per cent of the average income in the area.READ MORE: Feds to spend more than $18 million on 95 affordable housing units in TransconaThe building at 290 Colony Street is being dubbed the Arts District, and it’s the result of a partnership between the University of Winnipeg Community Renewal Corporation and the feds.The building is slated for completion mid-2020, with Liberal MP for Winnipeg Centre Robert Falcon-Ouellette saying it’s a race to the finish between the Arts District and the new art gallery building next to it.WATCH: National Housing Day: Habitat for Humanity Manitoba