Affordable housing project Indwell gets $175,000 boost from London companies
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A social housing agency working to build dozens of affordable units on the site of Victoria’s old hospital received a financial boost on Thursday that the nonprofit says could help fill remaining funding gaps.
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London Direct Liquidation, an Old East Village store that sells new and used appliances and furniture, donated $175,000 to Indwell, which provides affordable, supportive housing to low-income and homeless people.
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Although no official decision has yet been made on how the money will be used, it will likely support fundraising to build supportive homes around the city, said Graham Cubitt, Indwell’s director of projects and development.
“We most likely want to use it for a capital equalization campaign,” he said.
“We’re working on a number of projects right now, so we’ll make sure we can close the gap on each project as each budget is finalized.”
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Indwell is part of the Vision SoHo Alliance project, which has brought together six not-for-profit housing providers led by the London Community Foundation to build more than 680 units on the site of the former South Street Hospital.
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As part of the project, Indwell is working on the construction of two residence halls in the former War Memorial Children’s Hospital and the Health Sciences building, resulting in nearly 140 affordable units.
Cubitt described the donation from London Direct Liquidation, which Indwell has endowed some of its developments in the past, as “humiliating”, adding that supporting local businesses is vital in tackling London’s homelessness crisis.
“It was just an amazing act of generosity,” he said.
“Every company is in business to make money, we understand that. But we are in a community that has many problems. And if each of us does our part, we can make a difference together.”
In addition to the hospital project, Indwell also manages Woodfield Gate on Dundas Street in the city center with 67 tenants. She recently opened a second project, Embassy Commons, also on Dundas, where 72 people live.
