Important Notice
The following information details a community concept we are working on for an affordable housing community development proposal. It is based on information we have gathered, but where it involves municipal owned land, the land may ultimately be used for a different purpose than what we are proposing.
By completing the I’m interested form, you help us address the question we get all the time from municipal staff and funding providers: “Who will live in your tiny home communities?” Should you indicate an interest in this or another project, we will reach out to you, when we have an approved project in your area of interest.
Elliot Lake Concept
- 1 of 2 – phase(s)
- 6.78 – acres
- 82 – tiny homes – 6-models – 384-sq.ft. each
- 9 – pocket neighbourhoods
- parking – beside home- 1 spot per home
- 1 – storage locker per home
- 2-gazebos, 8-fire-pits, 30+ picnic/park seating areas
- 9-neighbourhood parks, 3-community parks, off-leash dog park
- large community gardens & greenhouses
- development timeline 2 – year(s)
Community Hub
- community kitchen & dining area
- lounge & coffee shop
- small business shop space & co-working space
- fitness center, yoga, & health clinic
- solar & small wind power production & distribution
- CropBox – tomatoes, leafy greens, mushrooms, & small fruits
Development Budget
expenses
-
community center:8.53M
-
infrastructure :7.50M
-
land, homes, permits & contractors:10.55M
-
total development budget:$ 26.57M
Housing Types
-
guaranteed affordable rentals:by city contribution5
-
available rent-to-own:affordable rentals20
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affordable-to-own:@ $150k/home57
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total community homes:82
I’m Interested
More Community Concepts
Monthly Expenses
- All homes pay a monthly community fee that includes their utilities, a portion to servicing the long-term Community Bond debt, and expenses related to operating & maintaining the common areas.
- Where homes are owned, the only monthly expense is the community fee.
- People on the rent-to-own program pay an additional fee per month, which accumulates over 5-years to become a 15% down payment, allowing them to qualify for a mortgage on the remaining balance.
-
The affordable-to-own costs expect that the buyer has purchased the home outright or if financed, the mortgage payment is in addition to these costs.
- items
- community fee
- rent fee
- rent-to-own component
- monthly total
- community service*
- optional total
- rental rate / month
- 1,100
- 400
- 000
- $ 1,500
- – 500
- $1,000
- rent-to-own / month
- 1,100
- 400
- 424
- $ 1,924
- – 500
- $ 1,424
- affordable-to-own / month
- 1,100
- 000
- 000
- $ 1,100
- – 500
- $ 600
-
Community service*:
All citizens can provide 20 hours per month of community service, to directly reduce their monthly community fee. This is optional, and can include working in the community gardens, office work, organizing events, etc. to maintain an active, healthy community. Jobs will be posted, and citizens can choose how they would like to contribute.
The community fee includes the following costs:
- water utilities
- electric utilities
- sewer utilities
- property taxes
- internet services
- co-op renovation reserves
- community maintenance
- administration
-
site staff
- land trust lease fee
- bonds servicing
- mortgage repayment