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

Government of Canada announces support for Rapid Housing in Calgary

CALGARY, AB, Dec. 17, 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 Calgary 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 Naheed Nenshi, the Mayor of Calgary, announced details of the $24.6 million Rapid Housing Initiative allocation for Calgary.

As part of its Investment Plan for the Major Cities Stream, Calgary submitted three projects that will build 176 new units of affordable housing:

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, 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. Acquisition of land and buildings would be covered under eligible costs.


"Our Government wants to ensure that every Canadian has a safe and affordable place to call home. Investments with our municipal partners like Calgary 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

"This immediate funding is a great start, and a solid down payment to address homelessness in our city. A scan of the community demonstrates how unique our non-profit housing sector in Calgary really is. In addition to this important step today, we have a massive opportunity in front of us to deliver housing, at pace, and ensure we address the needs of vulnerable people and those experiencing homelessness in Calgary."? Naheed Nenshi, Mayor of Calgary

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.

More than 100,000 Calgary households are forecast to be in housing need by 2025. The City of Calgary's goal is to work closely with all orders of government and increase the capacity of the non-profit housing sector ? increasing the supply of affordable housing and ensuring people at all income levels can live and work in Calgary.  In these extraordinary times, the ability to stay home will again be a critical tool to effectively manage outbreaks and subsequent waves of Covid-19 infections. For more information, visit: www.calgary.ca/affordablehousing

SOURCE Canada Mortgage and Housing Corporation

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News published on 17 december 2020 at 11:00 and distributed by: