It will impact 6,290 affordable housing units
The city of Hamilton in Ontario is set to receive $145.6 million in federal funds for the repair and regeneration of 6,290 affordable housing units.
In a statement, Canada Mortgage and Housing Corporation (CMHC) said that the funding is being delivered through its National Housing Co-Investment Fund (NHCF), which “supports new and revitalization construction of mixed-income, mixed-tenure, and mixed-use affordable housing.”
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The move is in addition to the 241 homes in Hamilton that have been built or rejuvenated as a result of the NHCF so far. These homes are designated to those most at-risk, including women and their children, people with disabilities, and seniors.
Ahmed Hussen, the federal minister responsible for CMHC, said that the move will “improve the living standards and housing conditions for thousands of vulnerable residents and families across Hamilton.”
“This comes on the heels of last week’s federal budget proposing an additional $2.5 billion and a reallocation of $1.3 billion in funding to speed up the construction and repair of over 35,000 additional housing units,” said Hussen. “This is the National Housing Strategy (NHS) at work.”
For his part, Hamilton mayor Fred Eisenberger said that the city council is “grateful for this historic contribution from the government of Canada.”
“Safe, affordable housing is a critical determinant of health and wellbeing in a community, which is why addressing homelessness and affordable housing remains a top priority for Hamilton city council,” said Eisenberger. “This funding demonstrates our collective commitment to safe and dignified housing for vulnerable members of the community and supports much needed repair and renewal – improving accessibility and energy efficiency – to a large portion of affordable housing units that will continue to provide critical affordable housing for thousands of Hamiltonians in the years to come.”
