Federal money will help fund affordable housing in Brampton, Mississauga
Published June 25, 2021 at 3:51 pm
The federal government has announced nearly $33 million to help fund 77 affordable homes in Brampton and Mississauga.
The money comes for the Rapid Housing Initiative (RHI) and will help with the idea that every Canadian deserves a safe and affordable place to call home. The COVID-19 crisis has made it clear that affordable housing is key to Canada’s recovery for municipalities across the country, including in Peel Region.
Under the Project Stream of the RHI, the Government of Canada is investing $2.3M in the Armagh Housing expansion project in Mississauga. This development will provide 10 new transitional housing units for women and their children fleeing domestic violence.
“Every woman has the right to live without fear of violence, and have equal opportunities to develop their potential to live full and rich lives,” said Jannies Le, executive director, Armagh.
“The pandemic has only deepened the challenges facing many individuals and families in the Region of Peel and across the country. It has shown us that we need to respond quickly to support our vulnerable community members. This investment will allow us to more than double our capacity, from 9 to 19 housing units.”
In addition, under the Major Cities Stream of the RHI, the feds will invest $30.3M to help build 67 affordable homes in Brampton for those who are experiencing homelessness or are at risk of experiencing homelessness.
Delivered by CMHC, under the National Housing Strategy (NHS), RHI provides capital contributions to develop new, permanent affordable housing by covering costs associated with modular multi-unit rental construction; conversion of non-residential to affordable multi-residential homes; and, rehabilitation of buildings in disrepair and/or abandoned to affordable multi-residential homes.
Investments made under the RHI are expected to support thousands of construction-related jobs for Canadians from coast to coast to coast.
“I want to thank the Government of Canada for its affordable housing investment that will help us meet our long-term goals,” said regional chair Nando Ianicca. “With the RHI funds, Peel will be able to offer support to residents in need. By partnering with all levels of government, Peel is able to fulfill its mission that every resident can get and keep affordable housing.”Insauga's Editorial Standards and Policies