OTTAWA, Aug. 28, 2019 /CNW/ - The senior population of Ottawa deserves to have a safe and affordable place to call home where they can enjoy their retirement.
Today in Ottawa, the Honourable Catherine McKenna, Minister of Environment and Climate Change and Member of Parliament for Ottawa Centre, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced the construction and funding of 58 new rental housing units to help more seniors have an affordable place to live.
Through CMHC's Rental Construction Financing initiative (RCFi), the federal government is investing $7.84 million for the construction of a six-storey, 58-unit building. All 58 units will have affordable rents at or below 30% of median household income in the area.
Located at 567 Cambridge Street South, this project, developed by The King's Daughters and Sons Apartments Incorporated (KDS), a non-profit organization, will provide affordable housing options close to public transit and services for modest and middle-income seniors.
The RCFi, a National Housing Strategy (NHS) initiative delivered by CMHC, supports affordable rental housing construction projects to encourage a stable supply of affordable rental housing across the country for middle-class households struggling in expensive housing markets.
"Through the National Housing Strategy, our Government increasing the supply of rental units for Canadians. These investments also create good jobs and grow the local economy and are making a big difference in building a more sustainable future through more energy-efficient and affordable homes. This investment is wonderful news for the seniors in our community that will move into these new safe and affordable rental housing units." ? The Honourable Catherine McKenna, Minister of Environment and Climate Change and Member of Parliament for Ottawa Centre
"The King's Daughters and Sons Apartments Inc.(KDS) is grateful for the support for this project, not only from Canada Mortgage and Housing Corporation, but also from the City of Ottawa, the Province of Ontario, and the Government of Canada. Because of these funding streams, we are able to assist with the housing needs of more seniors in Ottawa. We thank the countless workers, experts, and supporters - without this entire assembly of energy, thoughtfulness and funding - none of this could be accomplished." ? Patricia Fisher, President of The King`s Daughters and Sons Apartments Inc.
"We are pleased to be adding additional units for seniors to our social housing stock. As we update our 10-Year Housing and Homelessness Plan, eliminating chronic homelessness is still the main goal. Projects such as this one by the King's Daughters and Sons helps us move closer to that goal." ? Mayor Jim Watson, City of Ottawa
SOURCE Canada Mortgage and Housing Corporation
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