"Cherry House is located in the Canary District, just west of the Distillery District, with 30 per cent of its 855 rental units set aside as affordable housing. But the entire property was designed with athletes in mind, Andrew Joyner, senior managing director at Tricon Residential the developer behind the purpose-built rental project told CBC Toronto. That's because most professional athletes in Canada earn far less than many people assume, Joyner said."
"Carded athletes are those that receive funding from the federal government's athlete assistance program. The program's senior card stipend provides $2,175 per month, which amounts to $26,100 a year. Sport has such an incredible role uniting the country and bringing us together, he said. We wanted to introduce housing that helped support Canadian athletes including Olympians, Paralympians and hopefuls. Andrew Joyner with Tricon Residential says the developers built the entire rental complex with athletes in mind. (Ivan Arsovski/CBC)"
Cherry House sits in Toronto's Canary District near the Distillery District and provides 855 rental units with 30 percent designated as affordable housing. The development was purpose-built to meet needs of high-performance athletes, including proximity to training facilities and amenities tailored for athlete schedules. Carded athletes receive a senior card stipend of $2,175 per month, about $26,100 annually, limiting housing options in large cities. Tricon Residential partnered with Dream Unlimited, Kilmer Group and Canadian Sport Institute Ontario, and the project received funding from municipal, provincial and federal governments. Half the complex features spacious one-bedroom units.
Read at www.cbc.ca
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