New tranche is valued at more than $13 million
The federal government has announced a new round of funding valued at more than $13 million, which is intended to support the rapid development of new housing for three Indigenous communities in Alberta.
The tranche will be coursed through the Rapid Housing Initiative Project Stream, and will go towards the immediate construction of housing units at the province’s O’Chiese First Nation, Goodstoney First Nation, and Chiniki First Nation.
The funding will cover “costs associated with the construction of modular multi-unit rentals, the conversion of non-residential to affordable multi-residential homes, and the rehabilitation of buildings in disrepair and/or abandoned into affordable multi-residential homes,” according to the Canada Mortgage and Housing Corporation.
“These investments will go a long way in providing new affordable housing units to vulnerable individuals and families, while addressing the unique barriers faced by First Nations communities in Alberta,” said Ahmed Hussen, Minister of Housing and Diversity and Inclusion.
George Chahal, Member of Parliament for Calgary Skyview, added that the projects across the three communities provide a valuable foundation for the most vulnerable Albertans to build their communities on.
“By addressing the housing crisis facing Canadians, we are making a real difference in people’s lives,” Chahal said.
