Rapid Housing Projects proposed for Southwestern Ontario

Rapid housing projects proposed for Southwestern Ontario

The COVID-19 pandemic has made it clear that affordable housing is key to Canada's recovery as areas of the country including southwestern Ontario, are dealing with the impact of rising levels of homelessness.

Yahoo! Finance states that the Parliamentary Secretary to the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation, and a Member of Parliament for London North Centre, have announced details of a $3.29 million investment through the Projects Stream of the Rapid Housing Initiative (RHI) for the immediate construction of 22 units of affordable homes in southwestern Ontario.

The 22 new homes are part of two separate projects:

 

 - A 16 unit development in partnership with the city of St. Thomas

 - Six homes developed in partnership with the Chippewas of the Thames First Nation

 

RHI will provide capital contributions to develop new, permanent affordable housing which will include the following:

 

 - Covering costs associated with modular multi-unit rental construction

 - Conversion of non-residential to affordable multi-residential homes

 - Rehabilitation of buildings in disrepair and/or abandoned to affordable multi-residential homes

 

These investments are expected to create thousands of construction related jobs for all Canadians.

 

"Our Government is working hard to ensure that every Canadian has a safe and affordable place to call home. Investments with First Nations and municipalities under the Rapid Housing Initiative will go a long way to effectively support those who need it most by quickly providing new affordable homes to vulnerable individuals and families to keep them safe."

Parliamentary Secretary to Minister of Families, Children & Social Development | Adam Vaughan

 

Under the RHI Projects Stream $500 million was available through an application-based process, which closed on December 31, 2020. Funding was available to Provinces, Territories and Municipalities, Indigenous governing bodies and organizations, and non-profit organizations.

 

"St. Thomas grows with compassion. Continued cooperation between the Government of Canada and our City improves the housing choices and caring supportive delivery to those in need. We are thankful for the support helping us be a stronger City."

Mayor of St. Thomas | Joe Preston

 

The RHI nationally has 4,700 units and has exceeded its target of 3,000 permanent affordable housing units due to the support of the provincial, territorial and municipal governments including the Indigenous governing bodies.

 

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Because of the overwhelming interest from the Indigenous groups, nearly 40% of all units created under the RHI program have been targeted to Indigenous people.

The RHI is helping people who are experiencing or at risk of homelessness who are among the most vulnerable, including women and children fleeing domestic violence, seniors, young adults, Indigenous peoples and people with disabilities. Included are people who are dealing with mental health and addiction issues, veterans, LGBTQ2+, racialized groups, Black Canadians, and recent immigrants or refugees.

Canada Mortgage and Housing Corporation (CMHC) contributes to the stability of the housing market and financial system and also provides:

 

 - Support for Canadians in housing need

 - Offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry

 

Canada's National Housing Strategy is a 10 year, $70 plus billion plan that will give Canadians homes and includes more than $13 billion committed through the 2020 Fall Economic Statement.

 

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Posted by Judy Lamelza

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