Federal funds to help see eco high-rise built at former Winnipeg police headquarters site

The developers of a new high-rise apartment aiming to achieve “net-zero operations” at the site of the former Winnipeg police headquarters are getting some help from the federal government.

Construction of the 10-storey, 102-unit Market Lands Net Zero High Rise is expected to be complete by December 2023 at 155 Princess St.

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On Friday the federal government announced $24.8 million in funding through both repayable and forgivable loans, as well as $2.6 million in grants for the project.

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Owned and developed by The Market Lands Inc., the new building will include 52 affordable housing units and is expected to be Canada’s first on-site net-zero affordable residential high-rise, according to a federal release.

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The developers say the building will be 100 per cent naturally ventilated, will produce 100 per cent carbon-neutral domestic hot water and will achieve net-zero operation through on-site energy production.

The federal loans come through the Canada Mortgage and Housing Corporation’s National Housing Co-Investment Fund and the grant money is earmarked from the NHS Affordable Housing Innovation Fund.

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