Federal government to help Toronto build 540 new affordable homes

Jan 15 2021, 8:10 am

The federal government is helping the City of Toronto build 540 new affordable homes.

On Friday, Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), alongside Adam Vaughan, Parliamentary Secretary for Housing, John Tory, the Mayor of Toronto, and Ana Bailão, Deputy Mayor of Toronto and the Chair of the City’s Planning and Housing Committee announced details of the $203.3 million Rapid Housing Initiative allocation for Toronto.

As part of its Investment Plan for the Major Cities Stream, Toronto will be undertaking seven projects to create approximately 540 new affordable homes.

“As a municipal government, we are doing everything we can to address homelessness and ensure that, with the help of the federal and provincial governments, we are building urgently needed affordable housing options. By working together with other levels of government, Toronto can continue to meet its goals and build housing for some of our most vulnerable residents,” Tory said in a statement.

These new homes will be prioritized for people experiencing homelessness and the City has committed to allocate 20% of the homes to Indigenous communities and an additional 20% to women and girls. Other units will support seniors, youth and racialized communities.

“Our Government is taking all the necessary steps to ensure that every Canadian has a safe and affordable place to call home. Our investments with our municipal partners like the City of Toronto will go a long way to effectively support those who need it most by quickly providing new affordable housing units to vulnerable individuals and families,” Hussein said in a statement.

“Our Government’s plan under the National Housing Strategy continues to provide housing for Canadians from coast to coast to coast, including here in Toronto.”

With the $1 billion RHI program, 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.

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