HAMILTON, ON, July 23,
2024 /CNW/ - Today, the federal government announced
more than $97 million in
contributions and low-cost loans through the Affordable Housing
Fund (AHF) to help build and repair 8,669 affordable homes in
Hamilton, Halton and Niagara
regions.
The announcement was made by the Honourable Sean Fraser,
Minister of Housing, Infrastructure and Communities, alongside
Chad Collins, Member of Parliament
for Hamilton East-Stoney Creek, and Lisa
Hepfner, Member of Parliament for Hamilton Mountain and
Parliamentary Secretary to the Minister for Women and Gender
Equality.
It took place at 106 Bay Street North, which received over
$5 million to build 55 new homes. The
building, operated by CityHousing Hamilton, will consist of both
single and family units mainly dedicated for women and their
children. Construction of the project is underway and is expected
to be completed by the end of 2024.
A detailed list of all the projects that received funding is
provided in an appendix to this release.
Quotes:
"Everyone deserves a place to call their own and the Affordable
Housing Fund is one way we're helping make that a reality for
Canadians. We will keep investing in affordable housing projects
like the ones announced today, and working with partners across the
country, to end the housing crisis." – The Honourable Sean
Fraser, Minister of Housing, Infrastructure and
Communities
"The federal government is dedicated to supporting people with
their housing needs and make life easier for Canadians. Through the
Affordable Housing Fund, our government is investing in affordable
housing here in Hamilton, in
Halton, in Niagara region and across Canada. Today's announcement is yet another
example of how we are creating real solutions for the affordable
housing Canadians deserve. This is the National Housing Strategy at
work."
– The Honourable Filomena Tassi, Minister responsible for the
Federal Economic Development Agency for Southern Ontario and Member of Parliament for
Hamilton
West—Ancaster—Dundas
Quick facts:
- The federal funding announced today is helping create a total
of 270 new homes and is leading to the repairs of 8,399 homes.
- The Affordable Housing Fund (AHF) provides funding
through low-interest and/or forgivable loans or contributions to
help build new affordable homes and renovate and repair existing,
affordable and community housing.
- Through the 2023 Fall Economic Statement, the government
announced an additional $1 billion
for the Affordable Housing Fund, bringing the total funding to over
$14 billion. To further support
non-profit, co-operative, and public housing providers and respond
to the needs of those most impacted by the housing crisis, Budget
2024 committed an additional $1
billion to the fund.
- This program under the National Housing Strategy (NHS) gives
priority to projects that help people who need it most, including
women and children fleeing family violence, seniors, Indigenous
peoples, people living with disabilities, those with mental health
or addiction issues, veterans, and young adults.
- As of March 2024, the federal
government has committed $50.97
billion through the NHS to support the creation of over
146,000 units and the repair of over 286,000 units.
Additional Information:
- Visit Canada.ca/housing for the most requested Government of
Canada housing information.
- CMHC contributes to the stability of the housing market and
financial system, provides support for Canadians in housing need,
and offers unbiased housing research and advice to all levels of
Canadian government, consumers and the housing industry. CMHC's aim
is that everyone in Canada has a
home they can afford and that meets their needs. For more
information, follow us on Twitter, Instagram, YouTube, LinkedIn and
Facebook.
- To find out more about the National Housing Strategy, please
visit www.placetocallhome.ca.
Appendix: Projects receiving funding under AHF
Project
Name
|
Region/City
|
Funding ($)
|
Units
|
Twenty Valley
Terrace
|
Lincoln
|
24,002,791
|
59
|
Victoria Park
Community
Homes Inc. Repairs
|
Hamilton and
region
|
20,000,000
|
2000
|
Shelter
|
Thorold
|
16,400,000
|
2983
|
Shelter
|
Hamilton
|
8,417,377
|
60
|
Halton Region
Repairs
|
Halton
|
7,000,000
|
2210
|
Hamilton East
Kiwanis
Non-Profit Homes Inc. Repairs
|
Hamilton
|
6,500,000
|
650
|
106 Bay Street
North
|
Hamilton
|
5,025,000
|
55
|
110 Stoneybrook
Drive
|
Hamilton
|
2,293,718
|
60
|
Shelter
|
Niagara
Falls
|
1,892,000
|
20
|
16 Steven
Street
|
Hamilton
|
1,700,000
|
17
|
154 Bronte
Street
|
Milton
|
900,000
|
0
|
Battlefield
Apartments
|
Niagara
Falls
|
841,908
|
30
|
New CAP
Shelter
|
Hamilton
|
795,829
|
25
|
2222 Lakeshore
Repairs
|
Oakville
|
658,667
|
339
|
35 Oakdale
Avenue
|
St.
Catharines
|
581,436
|
4
|
Shelter
|
Milton
|
492,900
|
22
|
Elevators repairs for
1160 Dorval
|
Oakville
|
195,092
|
135
|
Total
|
97,696,718
|
8,669
|
SOURCE Canada Mortgage and Housing Corporation (CMHC)