Le Lézard
Classified in: Business
Subjects: LEG, AVO

Canadians get affordable housing help


Plan calls for significant investments in affordable units and repairs to existing units

TORONTO and VANCOUVER, Nov. 22, 2017 /CNW/ - All Canadians need and deserve housing that is safe and affordable. A home makes Canadians feel more secure, making it easier to raise healthy children, pursue an education, and gain employment.

The Right Honourable Prime Minister Justin Trudeau, in Toronto, and the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, in Vancouver, today announced a 10-year, $40 billion National Housing Strategy that will help reduce homelessness and improve the availability and quality of housing for Canadians in need.

Across Canada, 1.7 million Canadians are in core housing need. To help address this, the Strategy has set bold goals including:

The National Housing Strategy is meeting the needs of Canadians, including seniors, Indigenous Peoples, survivors of family violence, people with disabilities, refugees, veterans, and those grappling with homelessness. It will promote diverse communities and encourage the construction of homes that are sustainable, accessible, mixed-income, mixed-use, and located near transit, work, and public services. In response to calls from housing advocates, service providers and feminist leaders, the Strategy commits to ensuring that at least 25% of funds go to projects for women, girls and their families.

This Strategy ? built by and for Canadians ? sets a long-term vision for housing in Canada with unprecedented investments and new programs that will deliver real results for Canadians working hard to improve their quality of life.

This Strategy will focus on the needs of the most vulnerable through a human-rights-based approach to housing. Within the next year, legislation will be introduced obligating the federal government to maintain a National Housing Strategy and report to Parliament on housing targets and outcomes.

The federal government will work with provinces and territories to develop a $4 billion Canada Housing Benefit to be launched in 2020 to respond to local housing needs and priorities. This will be a significant new tool to address challenges of housing affordability in communities across the country. It will provide an estimated average of $2,500 per year to each household recipient, assisting at least 300,000 families when fully implemented. The benefit be delivered directly to households as a portable benefit they can use to help with the costs of housing.

Quotes:

"Everyone deserves a safe and affordable place to call home. Canada's first ever National Housing Strategy is a once-in-a-generation vision to reduce homelessness, support community housing and shelter spaces, and address challenges of housing affordability. We took a major step forward on housing today, and we will continue to deliver initiatives that strengthen the middle class and lift more Canadians out of poverty." - The Rt. Hon. Justin Trudeau, Prime Minister of Canada

"Our Government is establishing a federal leadership role in housing. The National Housing Strategy will create a new generation of housing in Canada. It will promote diverse communities and will build housing that is sustainable, accessible, mixed-income and mixed-use that will be located near transit, work and public services."- Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

Quick facts:

Associated links:

BACKGROUNDER

Canada's National Housing Strategy

The National Housing Strategy is a part of a long-term vision to strengthen the middle class, promote sustainable growth for Canadians, and lift more Canadians out of poverty.

The Strategy ? funded through new and existing programs ? follows a human rights-based approach, and includes a National Housing Co-Investment Fund, community housing initiatives, and the Canada Housing Benefit.

A human rights-based approach to housing

Canadians deserve safe and affordable housing.

The National Housing Strategy will help address a range of housing needs, from shelters and community housing, to affordable rental and homeownership. It will promote:

National Housing Co-Investment Fund

The National Housing Co-Investment Fund will provide $15.9 billion ? including $4.7 billion in contributions and $11.2 billion in low interest loans ? to repair existing rental housing and develop new affordable housing. The Fund is expected to create up to 60,000 new homes and repair up to 240,000 existing community homes.

The Fund will involve partnerships with ? and investments from ? the provinces and territories, municipalities, non-profits, co-operatives, and the private-sector. It will provide:

National Housing Co-Investment Fund (CNW Group/Canada Mortgage and Housing Corporation)

The Fund will also support Canada's climate change goals, promote technologies that decrease the impact of housing on the environment, and improve the accessibility of housing for people with disabilities.

To encourage the development of sustainable, accessible, mixed-income, and mixed-use developments and to maximize the impact of this Fund, the Government of Canada will transfer up to $200 million in federal lands to housing providers. Funding will also be provided for environmental remediation, renovations, or retrofits to ensure surplus federal buildings are suitable for use as housing.

Canada Housing Benefit

The federal government will invite provinces and territories to partner on a jointly funded $4-billion Canada Housing Benefit.

To be launched in 2020, the Canada Housing Benefit will provide affordability support directly to families and individuals in housing need, including those currently living in social housing, those on a social housing wait-list and those housed in the private market but struggling to make ends meet.

The Government estimates that the Canada Housing Benefit will deliver an average of $2,500 per year to each recipient household. Over time, the Canada Housing Benefit will grow to support at least 300,000 households across the country.

Canada Housing Benefit (CNW Group/Canada Mortgage and Housing Corporation)

Government of Canada (CNW Group/Canada Mortgage and Housing Corporation) (CNW Group/Canada Mortgage and Housing Corporation)

SOURCE Canada Mortgage and Housing Corporation


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