Canada supports rapid housing projects in Waterloo region


WATERLOO, ON, August 3, 2021 / CNW / – Every Canadian deserves a safe and affordable place to call home. However, the COVID-19 pandemic has increased the need for affordable housing and led to increased levels of homelessness. The government of Canada created a national strategy to build hundreds of thousands of units and provide affordable housing to people across the country. By continuing to invest in affordable housing, the government is building stronger communities, creating jobs and growing our middle class, while tackling homelessness and helping vulnerable Canadians.

Adam vaughan, Parliamentary Secretary to the Honorable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for the Canada Mortgage and Housing Corporation, alongside the Honorable Bardish Chagger, Minister of Diversity and Inclusion and Youth and Member of Parliament for Waterloo, Raj Saini, Member of Parliament for Kitchener Center, and Karen redman, President of the Region of Waterloo, today announced $ 11.2 million to create approximately 42 new affordable housing units for individuals and families in the Waterloo through the Cities component of the expanded Rapid Housing Initiative (RHI). These housing units will support Canadians who are in uncertain housing situations, who are living or at risk of becoming homeless, or who are living in temporary shelters due to the pandemic.

This is in addition to the government of from Canada previous investment of $ 8.2 million through the first phase of the Rapid Housing Initiative to support the creation of 42 housing units in the Region of Waterloo.

In its first round, with the funding of $ 1 billion announced in October 2020, RHI surpassed its initial target of 3,000 permanent affordable housing units and reached 4,700 units nationwide. Due to this success, a supplement $ 1.5 billion for the Rapid Housing Initiative (RHI) was recently announced to create 4,500 new permanent affordable housing units across the country. With this expansion, this initiative will now create more than 9,200 affordable housing units for the most vulnerable Canadians across the country.

This new investment will create thousands of good housing and construction jobs, grow the middle class, and rebuild stronger communities, all while moving us closer to our goal of ending chronic homelessness in Canada

“Every Canadian deserves a safe and affordable place to call home. Today’s funding under the Quick Housing Initiative will go a long way to help those who need it most by quickly providing more than 40 new affordable housing units to vulnerable individuals and families in the Greater Montreal area. Waterloo to keep them safe. It is one of the ways our National Housing Strategy continues to ensure that no one is left behind. “The Honorable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation

“The ongoing pandemic reminds us that nothing is more important than a house. Hard-working, middle-class families in Waterloo Region deserve a safe, affordable place to thrive and spend more time with loved ones. This investment will quickly add new affordable homes to the region’s housing stock that are not only affordable, but also accessible, energy efficient and of good quality. ” The Honorable Bardish Chagger, Minister of Diversity and Inclusion and Youth and Member of Parliament for Waterloo

“We have seen how COVID-19 has exacerbated existing housing and homelessness issues and without urgent action from the government of Canada, the pandemic could lead to a dramatic increase in homelessness. Quickly creating housing to deal with this housing crisis is a priority for our government. This new funding is part of our commitment to address dire housing needs across the country. It will provide immediate support to create safe and stable homes for thousands of vulnerable individuals and families. “Adam vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development

“Everyone deserves a roof over their heads and a safe place for themselves. Together, thanks to the Rapid Housing Initiative, the Government of Canada finances approximately 84 affordable housing units in the Waterloo, which will have a huge impact on our most vulnerable citizens who experience or risk becoming homeless. These new homes are just another step our government takes to end chronic homelessness in the region of Waterloo, and through Canada. ” – Raj Saini, MP for Kitchener Center

“The Region of Waterloo continues to work collaboratively with area municipalities, housing providers and the development community to create new affordable housing. As part of our new affordable housing plan, Building a Better Tomorrow: 2,500 Housing Units in 5 Years, we are committed to helping those in need find and keep housing. With this funding provided by the government of Canada, we will see 42 new affordable housing units created in the Region. Karen redman, regional president, region of Waterloo

Fast facts:

  • RHI is offered by the Canada Mortgage and Housing Corporation (CMHC), as part of the National Housing Strategy (NHS).
  • from Canada The NHS is an ambitious 10-year plan that will invest more than $ 72 billion to give more Canadians a place to call home. Launched in 2017, the NHS will build and repair thousands of housing units and help households with affordability support.
  • The RHI is a $ 1 billion program launched in October 2020 to help meet the urgent housing needs of vulnerable Canadians, particularly in the context of COVID-19, through the rapid construction of affordable housing.
  • Due to this success, a supplement $ 1.5 billion for the Rapid Housing Initiative (RHI) was recently announced in Budget 2021 with $ 500 million in funding under the Cities component allocated to the following municipalities: Burnaby, Calgary, Capital regional district, Durham, Edmonton, Gatineau, Greater Sudbury, Halifax, Hamilton, Iqaluit, Kingston, Laval, London, Longueil, Montreal, Niagara, Ottawa, Peel, Quebec, Regina, Saskatoon, Surrey, St. John’s, Toronto, Vancouver, Waterloo, White horse, Windsor, Winnipeg, and Yellowknife.
    Under the Projects pane: $ 1 billion will be allocated to eligible applications submitted during the initial RHI application period last fall and that have not yet received funding.
  • Based on stakeholder feedback, CMHC introduced new flexibilities to SRI:
    • Applicants to the program will be eligible to receive funding for other forms of new construction beyond modular construction, if the units can be built within 12 months.
    • Non-profit organizations will now have the opportunity to demonstrate that they have the financial capacity to support the viability of units without government subsidy (self-funded).
    • Cities will have a longer deadline for submitting projects (60 days instead of 30).
    • Project delivery times have been adjusted for projects located in the North and communities with special access.
  • At least 25 percent of this new funding will go to housing projects focused on women. The units will be built within 12 months of the granting of funding to program applicants.
  • RHI will continue to prioritize proposals that target units serving indigenous peoples and other vulnerable groups. It will also continue to provide flexibilities on timelines to governing bodies or indigenous organizations, as needed.
  • Due to the considerable response during the first cycle of the Projects strand, many eligible applications are still unfunded. Applicants with eligible RHI undergraduate proposals that have not yet received funding will be contacted directly with further details.
  • RHI takes a human rights-based approach to housing, serving people who are homeless or at risk and other vulnerable people in the NHS, including: women and children fleeing domestic violence, seniors, young adults, Indigenous peoples, people with disabilities, people with mental health and addictions issues, veterans, LGBTQ2 people, racialized and black Canadians, and recent immigrants or refugees .
  • CMHC supports the government’s efforts to improve the well-being of Canadians facing housing and homelessness issues caused by the COVID-19 pandemic.

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Like from Canada housing authority CMHC contributes to the stability of the housing market and the financial system, provides support to Canadians in need of housing, and provides unbiased housing research and advice at all levels government, consumers and the housing industry. CMHC’s goal is that by 2030, all 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

For further information: Media contacts: Mikaela Harrison, Press Secretary, Office of the Minister of Families, Children and Social Development, [email protected]; Audrey-Anne Coulombe, Media Relations, Canada Mortgage and Housing Corporation, [email protected]

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