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Canada Rapid Housing Initiative for Waterloo State
Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), the Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth, and Karen Redman, Chair of the Re
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Published - Friday, 18 Dec, 2020
Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), the Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth, and Karen Redman, Chair of the Region of Waterloo, announced details of the nearly $8.2 million Rapid Housing Initiative allocation for the Region of Waterloo.
As part of its Investment Plan for the Major Cities Stream, the Region of Waterloo submitted two projects with two partners for a total of 42 affordable modular housing units. The proposal includes approximately 36 units of supportive housing for women experiencing or at risk of homelessness and 6 one-bedroom units for applicants on the community housing waitlist.
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.
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