Presentation to Owen Sound City Council The Owen Sound Housing Company and The Owen Sound Municipal Non Profit Housing Company March 21, 2016
Social Housing in Owen Sound Under the direct influence of the Owen Sound City Council - 2016 appointments Council Deputy - Mayor Arlene Wright Councillor - Peter Lemon Public Appointees Jan Chamberlain Ruth Lovell Stanners Paul Thomson Kenneth Thomson Robert Walker Rod Wyatt
The Owen Sound Housing Company- A Brief history Hard Driving Mayor Has Done The Impossible Aged, Widows To Occupy 40 Clean, Modern Suites Mastermind of unique housing scheme was Mayor Eddie Sargent 35,, mayor of Owen Sound for six terms. Believed to be the only one of its kind in Canada The $200,000. project was sponsored by Owen Sound Housing Company, headed by Frank Smith.The company was set up to bring Mayor Sargent s dream to reality.
The Owen Sound Housing Company founded 1950 If the people of Owen Sound are a little smug these days, you can hardly blame them. Their small city has accomplished something no other community has been able to do. The idea was basically to supply good housing accommodation to elderly and deserving families that would otherwise, through no fault of their own, not be able to afford it. Sun Times, February 1952 Eddie Sargent, the smiling, hard driving mayor had the idea. At 35 he has been mayor for six terms and his abilities are being recognized far afield from his home town.
The Owen Sound Housing Company Mayor Pulled A deal Municipalities have no authority under present legislation to go into the housing business - for aged pensioners or notbut here is how Mayor Sargent, with the added dry wit of Frank Smith, pulled a deal. An audacious Mayor - a daring move Since Owen Sound itself could not go ahead and build the apartments, in February of 1950, they set up a Limited Dividend Company called The Owen Sound Housing Company, which was to act on behalf of the City of Owen Sound. In other words this company was set up as the local housing authority. Mayor Sargent and his aides, through the cooperation of the Honourable William Greisinger, Minister of Planning and Development, and after long sittings with the Municipal Board, finally got the approval they required. It was for the city to make the project an outright gift, to go under the fence, it is described, as purchasing of stock in the so- called Owen Sound Housing Company Limited to the extent of 10 per cent equity money and costs of services. Sun Times February 12, 1952
City of Owen Sound A Pioneer in Social Housing Owen Sound Housing Company Limited (Frank Smith Apartments) Founded in February 1950 by 3 prominent citizens Francis Smith Jack Crossley Ivor Wagner Eddie Sargent Member of Council William Lemon Member of Council There are 5 buildings with 8 apartments in each (6 one bedroom and 2 studio) The buildings officially opened in fall 1951.
The Frank Smith Apartments Ownership Owen Sound Housing Company Limited was formed in 1950 and exercised its rights to incorporate, rights to issue stock, rights to carry on business of a limited dividend housing corporation. As such, it formed a partnership with the City for the transfer of land, security for loans, etc. The City of Owen Sound owns 520 shares of stock in the Owen Sound Housing Company Limited valued at $50.00 per share. An additional 6 shares were issued. Each of the founding members was issued 1 share ($50.00 value) and a sixth share was issued to Owen Sound Housing Company Limited.
Owen Sound Housing Company - Frank Smith Apartments 2015 Taxes $ 49,427 2015 Assessed Value $1,639,000 2015 Budget $ 215,505 2015 Capital Reserves $ 427,532 (Invested with City of Owen Sound) (Estimated addition after audit is $45,000) 2016 Rental Rates 1 bedroom $450 - $526 (plus personal hydro) Studio $354 - $418 (plus personal hydro)
The Frank Smith Apartments The Owen Sound Housing Company incorporated The Original Board William Lemon Jack Crossley Eddie Sargent Ivor Wagner Frank Smith Owen Sound Pioneer in Social Housing in Canada
Buildings Named after Social Housing Pioneers Bluewater Ridge
The Frank Smith Apartments
Owen Sound Housing Company Frank Smith Apartments
Non ProfitMunicipal Housing in Owen Sound
Owen Sound Municipal Non Profit Housing 1986 it all began with Councillor Peter Lemon
Owen Sound Housing Company Frank Smith Apartments December 1954 Frank Smith president,william B. Lemon director Two Owen Sound Citizens who have done much to help solve the housing problem for Owen Sound older citizens
There is a Lemon Legacy William Lemon Peter Lemon
The Owen Sound Municipal Non Profit Housing Company Incorporated 1986 Servicing 240 housing Units includes the Frank Smith Apartments by a servicing agreement between the Owen Sound Housing Company and The Owen Sound Municipal Non Profit Housing Company Housing 480 aprox Tenants Paying Annual $431,225.00 Property Taxes
Owen Sound Municipal Non Profit Housing building program 1989 Bayfield Landing 40 units $4,000,000.00 1994 Ordnance Park - 90 units $12,000,000.00 2004 Bluewater Ridge Part 1-30 Units $6,000,000.00 2004 Bluewater Ridge Part 2-30 Units $7,000,000.00 Total Construction $ 29,000,000.00
The Owen Sound Municipal Non Profit Housing Company The Robert Wenting Administrative Building
The Owen Sound Municipal Non Profit Housing Company Current Board of Directors Kenneth Thomson, Chair Ruth Lovell Stanners, Vice Robert Walker, Treasurer Jan Chamberlain, Secretary Rod Wyatt, Director Paul Thomson, Director Peter Lemon, City Councillor Arlene Wright, City Councillor
General Manager Shari Huber
Heather Jolley Administrative Assistant
Our Maintenance Supervisors Tom Hanbidge Derek Hamilton Don Rimmer George Prowd
A skilled and dedicated work force
First Non-Profit Site Bayfield Landing -1988 2150 9 th Avenue East 50 Units 35 Rent Geared to Income 15 Market Rent 26 Two Bedroom (4 Ground Floor) 24 Three Bedroom (4 Ground Floor) Original Capital Costs Land $256,706 Buildings $3,185,478 2015 Property Taxes $113,275 2015 Assessment Value $3,521,250 2015 Budget $628,462 2015 Capital Reserve $464,142
Bayfield Landing
Bayfield Landing
1991 Ordnance Park 90 units cluster housing 10 One Bedroom Units - 5 ground floor 44 Two Bedroom Units - 4 ground floor 36 Three Bedroom Units - 1 ground floor 63 Rent Geared to Income 27 Market Rent
Second Non-Profit Site Ordnance Park (1991) 700 21 st Street East Original Capital Costs Land $891,805 Building $7,087,933 2015 Property Taxes $199,702 2015 Assessment Value $6,160,750 2015 Budget $1,113,231 2015 Capital Reserve $835,455
Ordnance Park
Ordnance Park
Ordnance Park
Ordnance Park
Third Non-Profit Site Bluewater Ridge - 2008 & 2010 2150 6th Ave East 2120 6th Avenue East 60 Units All Affordable 60 Units 40 One Bedroom (20 Ground Floor) 20 Two Bedroom (10 Ground Floor) Capital Costs Land Purchased with Ordnance Park Building $8,370,249 2015 Property Tax $68,821 2015 Assessment Value $4,318,250 2015 Budget $502,524 2015 Capital Reserve Fund $253,184 ($192,196 investment with City)
Bluewater Ridge - Part1
Bluewater Ridge - Part 1
Bluewater Ridge - Part 2
Bluewater Ridge - Part 2
The Owen Sound Municipal Non Profit Housing Company Handicapped Fully Accessible Units - 27 Partially Accessible units - 49
The Owen Sound Municipal Non Profit Housing Company Canada is one of the few countries without a national housing policy The waiting list for Affordable Housing In Ontario 168,000 Locally 523 Dependant On Provincial and Federal Affordable Housing Funds Local Participation and Cooperation
Thank You for your interest, concern and continued support The Owen Sound Housing Company The Owen Sound Municipal Non Profit Housing Company