Federal government will spend $900M to build housing in Quebec, matched by province
BNN Bloomberg
The federal and provincial governments will each invest $900 million over the next four years to accelerate housing construction in Quebec, Prime Minister Justin Trudeau and Quebec Premier François Legault confirmed Thursday.
Trudeau said the deal was unique in the country because a province is matching the federal funding on offer. The provincial government had said it would match $900 million from the federal government's housing accelerator fund in an economic update Tuesday.
"When we launched the housing accelerator fund, we were clear that we needed to eliminate red tape and remove barriers," Trudeau told a news conference in the Montreal suburb of Longueuil. "This new agreement with the government of Quebec will mean more ambitious plans right across the province to build more homes faster."
The two politicians said the investment will directly create 8,000 social and affordable housing units, including 500 that will be earmarked for people who are homeless or at risk of homelessness.
