The federal government has pledge more than $132 million in funding to support the construction of 370 affordable homes in London.

The money is being provided as low-interest and forgivable loans through the Affordable Housing Fund, and is designed to support the construction and repair of affordable homes across the country.

"These new affordable housing units are going to make a real difference in the London area,” said London North Centre MP Peter Fragiskatos. “They will help support seniors, persons with special needs in need of supportive services, singles and families, and help create a stronger, more inclusive community."

The projects are being built under a partnership known as The Vision SoHo Alliance – an between the City of London, Zerin Development Corporation, Homes Unlimited (London) Inc, Chelsea Green Home Society and London Affordable Housing Foundation.

Funding for the projects include:

Zerin Place on South for the construction of 119 units

• $40,460,182 from the federal government's AHF
• $140,000 from the federal government through SEED funding
• $1,742,398 from the City of London
• $1,593,212 from Zerin Development Corporation in cash and land equity

Homes Unlimited London for the construction of 93 units

• $32,473,863 from the federal government's AHF
• $124,000 from the federal government through SEED funding
• $1,373,246 from the City of London
• $2,438,987 from Homes Unlimited (London) Inc. in cash and land equity

Chelsea Green for the construction of 81 units

• $29,550,000 from the federal government's AHF
• $100,000 from the federal government through SEED funding
• $1,181,287 from the City of London
• $2,241,610 from the Chelsea Green Home Society in cash and land equity

London Affordable Housing Foundation for the construction of 77 units

• $29,500,000 from the federal government's AHF
• $104,000 from the federal government through SEED funding
• $1,107,456 from the City of London
• $1,594,663 from the London Affordable Housing Foundation in cash and land equity

By developing mixed-income and mixed-use housing near transit and other amenities, integrated together with supports and services, the alliance provides affordable housing to seniors, persons with special needs in need of supportive services, singles and families.