Maryam Monsef, MP for Peterborough-Kawartha, announced that the federal government is financing $8.5 million to help construct a three-storey, 27 rental unit building located at 888 Whitefield Drive in Peterborough.
The 888 Whitefield Drive development by Parkview Homes is receiving financing through the Government of Canada’s Rental Construction Financing initiative (RCFi), a National Housing Strategy program delivered by CMHC that supports rental housing construction projects. The program encourages a stable supply of rental housing for middle-class families struggling in expensive housing markets.