Prime Minister, Justin Trudeau announced an investment of nearly $120 million to help build a new 26-storey multi-residential, energy-efficient building in Brampton, Ontario. This project will help over 300 local families find rental housing units.
The government also announced $5 million in funding for a further 320 new rental units in Southern Ontario: 95 in Hamilton, 72 in London, 68 in Mississauga, 50 in Simcoe, and 43 in Kitchener. All projects will be built with energy-efficient passive housing design, which will result in significant reductions in the energy consumption and pollution of the buildings.
The announcement is part of the Rental Construction Financing Initiative, which supports new rental housing builds across Canada.
“We know that finding an affordable place to live is a challenge for many Canadians in communities across the country,” stated Trudeau. “Today’s announcement is great news for families in Brampton, and the Government of Canada will continue to invest to increase affordable housing options for all Canadians. We will keep working to ensure that everyone can find a place to live, raise their families, and build their future.”
“This new rental housing will provide families better access to jobs, services, and the amenities they need. This is the National Housing Strategy at work,” added Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation.
Featured image: Prime Minister Justin Trudeau making an affordable housing funding announcement in Brampton, Ontario on July 19, 2021. (Twitter – @JustinTrudeau)