Winnipeg, MB - The Winnipeg Public Service is recommending to the Executive Policy Committee a plan to provide a Tax Increment Financing (TIF) grant for $4 million be awarded to Siloam Mission to assist in the creation of housing opportunities for people seeking shelter.
The proposed housing development involves 160 housing units between the streets of Stanley, Princess, Logan and Henry.
“This recommendation comes as a result of direction that came from the January 24, 2014 Standing Policy Committee on Finance to consider options as to how to assist Siloam Mission in their goal to expand the services they offer to those who find themselves in vulnerable situations,” said Barry Thorgrimson, Director of Planning, Property and Development. “By providing help through a TIF grant, we can extend this help without impacting City of Winnipeg operating budgets.”
The TIF grant would be up to 50 years to achieve approximately $4 million.
“This grant by the City of Winnipeg recognizes the value of every citizen,” said Floyd Perras, Executive Director of Siloam Mission. “It will provide for a new Frontline Services Centre for hundreds of people daily and thousands annually. It will be a place where people can receive meals, clothing, health and employment services and transitional supports that they desperately need. With this expanded facility, Siloam Mission will be able serve three times the number meals in one sitting and ensure no one has to stand in the cold, rain or blistering heat while they wait for a meal or for a bed for night.”
This proposal will be considered at the July 9 meeting of Executive Policy Committee. The link to the report can be viewed here.