More than $10M announced toward new homes for vulnerable in London, Ont.
CBC
Federal and municipal officials have announced $10.8 million toward 44 new affordable homes in London, Ont. on Wednesday.
The project receiving funding is located at 403 Thompson Road in the city's southeast.
"I think this announcement is about more than bricks and mortar or even units, what it truly represents is hope," said London Mayor Ed Holder. "Hope and the prospect of a better life for all who will eventually call these places their home."
Housing will be prioritized for Black Canadians, those experiencing homelessness or are at risk of homelessness, Indigenous peoples, and women and their children fleeing domestic violence.
"Everyone living in Canada deserves an affordable place to call home, and I am proud to see our government making good on that promise, right here in London," said London West MP Arielle Kayabaga in a statement.
"Our investments will go a long way to support those who are the most in need of housing assistance, including Indigenous, Black, and racialized communities, newcomers, and women with children looking for a safe place to live. More work remains to be done, yet our government will continue to work so that there is an affordable and accessible home for everyone."
The funding comes from the National Housing Strategy (NHS), a 10-year plan launched in 2017 to invest $72 billion into building and repairing affordable housing across the country.
In October 2020, the Canada Mortgage and Housing Corporation delivered $1 billion to the Rapid Housing Initiative (RHI) through the NHS, to address urgent housing needs during the pandemic.
An additional $1.5 billion for the RHI was announced through Budget 2021, with $500 million in funding under the Cities Stream being allocated to London, Toronto, Peel, Waterloo and Windsor, along with other municipalities across the country.
With this investment, London has so far received over $18 million in funding from two phases of the RHI, and is now on track to build over 100 new permanent affordable housing units.
Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, said another $7.2 million has been put toward the creation of 66 other affordable housing units in London prior to today's announcement.
In total, $40-million from the NHS will be put toward rejuvenating 2,000 homes across the region.
"These targeted investments will not only help stimulate the local London economy, but they will also create good, well-paying jobs when they're needed the most. So it's great news for our community," said Hussen.
London North Centre MP Peter Fragiskatos said today's announcement is a "testament" to the importance of the NHS.
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