Federal government commits $10.7M to build 44 new affordable homes in London, Ont.
Global News
The City of London is getting $10.7 million from the federal government to create 44 new affordable homes for individuals and families.
Amid rising rent prices and a pandemic that has put a financial strain on many, the federal government has some good news for Londoners struggling to find affordable housing.
The City of London is getting $10.7 million from the federal government to create 44 new affordable homes for individuals and families.
The new units at 403 Thompson St. are a part of the expanded Rapid Housing Initiative (RHI).
“This will provide safe and affordable homes to those that need it the most, including those experiencing or who are at risk of experiencing homelessness,” said Ahmed Hussen, Minister of Housing and Diversity and Inclusion and Minister Responsible for the Canada Mortgage and Housing Corp.
The new units are also targeted toward black Canadians, Indigenous peoples, and women and their children fleeing domestic violence.
“These investments are not only life-changing, they are life-saving.”
“I think this announcement is about more than bricks and mortar or even units,” said London Mayor Ed Holder. “What it truly represents is hope — hope in the prospect of a better life for all that will eventually call these places home.”
This is the second funding placement from the RHI into affordable housing in London, with $7.5 million being dedicated to 49 affordable housing units this July.
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