OTTAWA,
ON, July 25, 2024 /CNW/ - Today, the
federal government announced more than $41
million in contributions and low-cost loans through the
Affordable Housing Fund (AHF) to help build and repair 3,304
affordable homes in Ottawa and
Eastern Ontario.
The announcement was made by the Honourable Jenna Sudds,
Minister of Families, Children and Social Development and Member of
Parliament for Kanata—Carleton, on behalf of the Honourable Sean
Fraser, Minister of Housing, Infrastructure and Communities,
alongside, the Honourable Mona Fortier, Member of Parliament for
Ottawa—Vanier, Yasir Naqvi, Member
of Parliament for Ottawa Centre, and Sarah
Button Executive Director, Centretown Citizens Ottawa
Corporation.
The announcement took place at 464 Metcalfe Street, which is
operated by Centretown Citizens Ottawa Corporation. The site is
near transit, schools, museums and restaurants. Amenities include
laundry, on-site parking, shared outdoor space, an elevator, and
bike parking. Centretown Citizens Ottawa Corporation received
funding towards repairs for 1,200 units across Ottawa.
A detailed list of 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
"We know Canadians are looking to us to take action to solve the
housing crisis. The investments we're announcing today will have
real, tangible impacts here in our community and across
Eastern Ontario, and help more
Canadians find a safe and affordable place to call home."
– The Honourable Jenna Sudds, Minister of Families,
Children and Social Development
Quick facts:
- The federal funding announced today is helping create a total
of 86 new homes and is leading to the repairs of 3,218 homes.
- The Affordable Housing Fund (AHF) provides funding
through low-interest and/or forgivable loans or contributions to
partnered organizations for new affordable housing and the
renovation and repair of existing, affordable and community
housing. This is a $13.2 billion
program under the National Housing Strategy (NHS) that 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 to support the creation of over 146,000 units and
the repair of over 286,000 units. These measures prioritize those
in greatest need, including seniors, Indigenous Peoples, people
experiencing or at risk of homelessness, and women and children
fleeing violence.
- To support the Government's work to grow housing supply and
address the need for more affordable and rental homes, CMHC is
implementing the Frequent Builder framework.
- The Frequent Builder framework will help expedite applications
for the Affordable Housing Fund and the Apartment Construction Loan
Program. The Frequent Builder status is given to existing
housing providers with a proven track record of building
multi-residential units. Different criteria apply to Governments,
non-profit and for-profit organizations to qualify for Frequent
Builder status.
- Frequent Builders may receive benefits such as priority
treatment, a streamlined process through intake, underwriting and
approval stages, underwriting and advancing flexibilities, as well
as the possibility of funding commitments for future years which
will allow funding predictability and better planning for their
pipeline of projects.
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
|
Dunbar
Apartment
|
Ottawa
|
$1,163,322
|
31
|
The Corporation of the
City of
Cornwall Repair Portfolio
|
Cornwall
|
$2,030,334
|
400
|
Centretown Citizens
Ottawa
Corporation Repair Portfolio
|
Ottawa
|
$12,000,000
|
1,200
|
County of Lanark Repair
Portfolio
|
Lanark
County
|
$1,490,000
|
149
|
Vankleek Senior
Citizens Manor
Expansion
|
Vankleek
|
$8,678,450
|
30
|
Home for the
Deafblind
|
Ottawa
|
$395,000
|
6
|
Marmora District
Housing
Commission Elevator Upgrade
|
Marmora
|
$75,979
|
24
|
Thurlow
Court
|
Belleville
|
$46,340
|
21
|
County of Renfrew
Repair
Portfolio
|
County of
Renfrew
|
$5,000,000
|
500
|
Kawartha
Lakes-Haliburton
Housing Corporation Repair
Portfolio
|
Kawartha
Lakes-Haliburton
|
$5,000,000
|
500
|
The Corporation of the
County of
Hastings Repair Portfolio
|
County of
Hastings
|
$4,240,000
|
424
|
A Place Called
Home
|
Kawartha
Lakes
|
$1,348,629
|
19
|
Christ Church Bells
Corners
Rectory Redevelopment, top up
funding
|
Ottawa
|
$250,000
|
N/A
|
TOTAL
|
|
$41,718,054
|
3,304
|
SOURCE Government of Canada