The Kenora District Services Board has been warned that it needs to come up with nearly $490,000 to fund non-profit public housing units.
The Board’s Housing Director says capital reserves are running dry and notes 2-providers may have nothing in the bank as early as next year.
CAO Dan McNeill says this has been a problem for some time now.
McNeill says the entire public housing stock in the Province is aging and more money is needed to fix them up.
The KDSB services 8 non-profit providers for a total of 560-units.
Warning Issued to KDSB
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