Ottawa, ON — Funding for new affordable housing in Ottawa Centre announced.
The John Howard Society of Ottawa received $3,552,890 of funding from the Government of Canada and Government of Ontario through the Investment in Affordable Housing (IAH) agreement toward 66 affordable housing units.
The King’s Daughters and Sons apartment for seniors received $3,248,932 of IAH funding toward 38 units.
The Rochester Heights development received $8,680,000 of IAH funding toward 80 units.
- This announcement of affordable housing is part of a larger announcement that includes 16 IAH developments across Ottawa, totaling more than $54 million in federal-provincial funding and more than 675 units of additional affordable housing.
- The funding levels in Budget 2016 by the Governments of Canada and Ontario under the IAH agreement have been doubled to close to $337 million over two years. This is in addition to existing funding of close to $1.6 billion to March 2019 under this initiative.
- Canada’s first ever National Housing Strategy is a 10-year, $40-billion plan that will give more Canadians a place to call home.
- The National Housing Strategy aims to achieve a number of targets over the next decade, including:
- Removing more than 530,000 households out of housing need
- Creating 100,000 new housing units
- Repairing and renewing more than 300,000 housing units
- Protecting an additional 385,000 households from losing an affordable place to live
- Reducing chronic homelessness by 50%
“When affordable housing is in short supply, the Canadian economy suffers. Our Government is investing in affordable housing here in Ottawa Centre and across the country so that everyone has a real and fare chance of success when pursuing education, jobs, and other opportunities. Thanks to the combined efforts of our partners, we are able to give a helping hand to individuals who need it most.”– Catherine McKenna, Member of Parliament, Ottawa Centre
“Only through collaboration of all three levels of government and local passionate housing advocates will we be able to ensure every family, and individuals, has a place to call home. Working together we can ensure that we create inclusive, diverse and welcoming communities across Ontario and Canada to lift all those in need out of poverty and end chronic homelessness. I am thrilled that almost $10 million are invested in Ottawa Centre to build new affordable housing.”– Yasir Naqvi, MPP, Ottawa Centre
- 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. For more information, please visit ca or follow us on Twitter, YouTube, LinkedIn and Facebook.
- Investing in affordable housing programs is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ca/affordablehousing or follow us on Twitter.
Office of Catherine McKenna
Canada Mortgage and Housing Corporation
Office of Yasir Naqvi