Le Lézard
Classified in: Business, Covid-19 virus
Subjects: NPT, WOM, SRI, NTA, CFG

Government of Canada announces support for Rapid Housing in Hamilton


HAMILTON, ON, Dec. 15, 2020 /CNW/ - 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 as major cities across the country including Hamilton, are dealing with the devastating impacts of rising levels of homelessness and housing need.

Today, the Honourable Filomena Tassi, Minister of Labour and Fred Eisenberger, Mayor of the City of Hamilton, announced details of the $10.8 million Rapid Housing Initiative allocation for the City of Hamilton.

This funding will play a crucial role in achieving greater housing accessibility, by providing 45 homes, across four locations, for many Canadians, including individuals at risk of homelessness, Indigenous people, women, and seniors.

With $1 billion allocated through the RHI, our Government will support the construction of up to 3,000 permanent, new affordable housing units across the country to help address urgent housing needs for Canadians, especially our most vulnerable.

Delivered by CMHC, under the National Housing Strategy (NHS), RHI provides the necessary 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; and, rehabilitation of buildings in disrepair and/or abandoned to affordable multi-residential.

Quotes:

"Our Government wants to ensure that every Canadian has a safe and affordable place to call home. Investments with our municipal partners like the City of Hamilton under the Rapid Housing Initiative's Major Cities Stream will go a long way to effectively support those who need it most by quickly providing new affordable housing units to vulnerable individuals and families to keep them safe. This is one of the ways our Government's National Housing Strategy continues to provide housing for Canadians from coast to coast to coast. ? The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation

"Every Canadian deserves a safe and affordable place to call home. The Rapid Housing Initiative is a crucial step towards reaching our goal of making sure no Canadian experiences chronic homelessness. This funding will provide immediate support in the creation of stable and affordable housing in Hamilton directed towards assisting the most vulnerable. Today's announcement will help meet the unique housing needs of our city, ensuring Hamiltonians continue to thrive." ? The Honourable Filomena Tassi, Minister of Labour and Member of Parliament for Hamilton West?Ancaster-Dundas

"This funding is further proof of our goverment's commitment to affordable housing in our city and across the country. Lack of affordable housing is a problem that has plagued Hamilton for better part of the past 50 years, but with investments like this coupled with others found in the National Housing Strategy, we are well on our way to finding a solution!" ? Bob Bratina, Member of Parliament for Hamilton East-Stoney Creek

"The City of Hamilton welcomes the Government of Canada's investment towards affordable housing that will help provide vulnerable and low-income residents with good quality and stable housing. Through the ingenuity of staff and local housing providers, we will be creating 45 new units which will thereby secure housing for 53 members of our community. The City will continue to explore and implement strategies to develop safe and affordable housing with the right supports through Hamilton's 10-year Housing and Homelessness Action Plan." ? City of Hamilton Mayor, Fred Eisenberger

Quick facts:

Associated links:

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC's aim is that by 2030, everyone in Canada has a home they can afford, and that meets their needs. For more information, follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.

Hamilton is the fifth-largest municipality in Ontario and the tenth-largest municipality in Canada. As a global city, Hamilton boasts a renowned education and health sector as well as a thriving arts scene. Industries in Hamilton include manufacturing, bioscience and medical, and agriculture. The City of Hamilton's vision is to be the best place to raise a child and age successfully. The City's mission is to provide high quality cost conscious public services that contribute to a healthy, safe and prosperous community, in a sustainable manner. www.hamilton.ca

SOURCE Canada Mortgage and Housing Corporation


These press releases may also interest you

at 19:45
BIGG Digital Assets Inc. ("BIGG" or the "Company"), owner of Netcoins (Netcoins.ca) ("Netcoins"), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group...

at 19:44
VM Hotel Acquisition Corp.  (the "Corporation" or "VMH"), announced today that both resolutions put to the holders ("Shareholders") of the Corporation's class A restricted voting shares (the "Class A Restricted Voting Shares") at the special meeting...

at 19:42
Meridian Mining UK S ("Meridian" or the "Company"), is pleased to announce that it has entered into an agreement with Beacon Securities Limited (the "Lead Agent"), as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively...

at 19:04
The Hempshire Group, Inc. (formerly Hoist Capital Corp.) ("Hempshire" or the "Company" ) is pleased to announce the release of its financial results for the three and nine months ended September 30, 2022. Selected financial information is outlined...

at 19:00
Earth Alive Clean Technologies Inc. , a company that develops, manufactures, and distributes state-of-the-art, environmentally-sound proprietary microbial solutions and products, announces today its consolidated financial statements for the third...

at 19:00
Smashing its records year by year, Lithuania's startup ecosystem has proved that there're no limits to growth. According to Dealroom.co, over the last five years, it has accelerated 16,6 times and is now valued at 10 billion EUR, placing Lithuania as...



News published on 15 december 2020 at 10:15 and distributed by: