Strengthened partnership advances affordable housing in Waterloo Region.
Kitchener, ON – Celebrating a leader in affordable housing in Waterloo Region, Kindred Credit Union (Kindred) has made a $250,000 contribution to MennoHomes’ capital campaign, A Place to Call Home, within a new innovative partnership commitment.
With over 6,000 households on the waiting list for affordable housing in the region, the need is great. Kindred’s partnership with MennoHomes underscores the credit union’s ongoing support for this urgent issue and advances access to appropriate, safe, and financially accessible housing in our community.
MennoHomes’ latest project will make new residential apartments available to community members who are currently struggling to find adequate housing, including newcomer families. Phase 1, with 48 units, is nearly complete.
“Our goal is to create housing that people can afford,” notes Dan Driedger, Executive Director at MennoHomes. “That means housing that costs less than 30% of their household income so that people have sufficient funds for other necessities of life such as nutritious food and proper clothing.”
“We’re so pleased to deepen our relationship and begin a new partnership with MennoHomes as they continue to create more affordable housing in Waterloo Region,” said Ian Thomas, Kindred’s chief executive officer. “While we’re already partially financing the construction, this new agreement will include a significant capital contribution, and it will expand our partnership to include financial literacy programming and a commitment to explore other innovative ways to inspire peaceful, just, and prosperous communities.”
Kindred is happy to join other local community partners in this project: St. Paul’s Evangelical Lutheran Church, Parents for Community Living, Mennonite Coalition for Refugee Support (MCRS), and Thresholds Homes and Supports. “Our thanks go out to all our partners, including Kindred, for helping us create a caring community where more people can thrive in a safe and affordable home,” adds Driedger.
You can learn more about MennoHomes’ work at mennohomes.com/a-place-to-call-home.
About Kindred Credit Union
Kindred Credit Union is a member-owned financial cooperative based in Kitchener, Ontario. Kindred’s values-centred approach is woven into everything we do and makes us the one-of-a-kind choice for people across Ontario who want to connect their values and faith with their finances. Through Kindred’s eight full-service branches and online banking platform, we offer our members a complete range of banking, borrowing, and investing products and services. For more information, visit kindredcu.com.