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

Government of Canada announces support for Rapid Housing in Edmonton

EDMONTON, AB, 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 Edmonton are dealing with the devastating impacts of rising levels of homelessness and housing need.

Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Don Iveson, the Mayor of Edmonton, announced details of the $17.3 million Rapid Housing Initiative allocation for Edmonton.

With funding support from the Major Cities Stream, the City of Edmonton, in partnership with Homeward Trust, will build 80 new units of supportive housing for people experiencing homelessness. The two developments, located in King Edward Park and Wellington, will use off-site modular construction techniques and be complete by the end of 2021.

With the $1 billion RHI, the Government of Canada will support the construction of up to 3,000 permanent, new affordable housing units across Canada to help address urgent housing needs for Canadians, and 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.


"Our Government wants to ensure that every Canadian has a safe and affordable place to call home. Investments with our municipal partners like Edmonton under the Rapid Housing Initiative's Major Cities Stream will go a long way to effectively supporting 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

"Today's announcement supports Edmonton's effort to address housing for those who are most in need, and we are most grateful to the Government of Canada's investment. The $17.3 million allocated for our city's housing projects provides a good start, especially so in a pandemic. Looking ahead, we are hoping that the federal government will articulate in the coming months how it fulfills the goal of ending chronic homelessness here in Edmonton and across the country as referenced in its fall throne speech." ? Don Iveson, Mayor of Edmonton

"The Rapid Housing Initiative will have an immediate impact on our community, providing us the resources to expedite the construction of permanent supportive housing units which are critically needed to end chronic homelessness in Edmonton. The pandemic has underscored what we already know to be true ? housing is required to ensure the health and safety of our citizens. We look forward to continued support from our partners to ensure our vulnerable neighbours are successful on their journey out of homelessness." - Susan McGee, CEO, Homeward Trust

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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.

SOURCE Canada Mortgage and Housing Corporation

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News published on 15 december 2020 at 13:30 and distributed by: