ONTARIO 🏘️ Canada And Ontario Open Over 70 New Affordable Homes in London
Wednesday, 15 March 2023 08:00.AM
Peter Fragiskatos, Parliamentary Secretary to the Minister of National Revenue and Member of Parliament for London North Centre, on behalf of the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, alongside Arielle Kayabaga, Member of Parliament for London West, Matt Feldberg, Director of Municipal Housing Development, Housing Development Corporation London ,and Jeff Neven, CEO of Indwell celebrated the opening of Embassy Commons, which will provide 72 housing units for people living with disabilities and mental health issues.
Located at 740 Dundas Street in London and owned and operated by Indwell, this project will offer supportive housing at deeply affordable rents for people who have struggled with housing stability, usually because of a mental health disability. The building has accessible common areas with community kitchens, and the outdoor amenity spaces provide the infrastructure to encourage active community engagement for all tenants.
The Government of Canada and the Province of Ontario have invested nearly $1 million in this project through the Ontario Priorities Housing Initiative (OPHI), an initiative of the Canada-Ontario Bilateral Agreement under the National Housing Strategy.
Additionally, the project previously received $13.2 million in funding from the federal government through the National Housing Co-Investment Fund (NHCF), a key pillar of the National Housing Strategy, and $59,000 of SEED funding administered by Canada Mortgage and Housing Corporation (CMHC). The City of London also invested over $5 million and Indwell contributed $2 million through supporter donations.
"Every Canadian deserves a safe and affordable place to call home. Our government continues to work with our partners, including the Government of Ontario, the City of London and Indwell, to find ways to create more affordable homes that meet the needs of Canadians, including right here in London. This is one of the ways the National Housing Strategy continues to ensure that no one is left behind.
– The Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion
Quick facts:
• The Government of Canada's National Housing Strategy (NHS) is an ambitious, 10-year plan that will invest over $82+ billion to give more Canadians a place to call home.
• The Ontario Priorities Housing Initiative (OPHI) is a program under the CMHC-Ontario Bilateral Agreement. This 10-year agreement provides more than $5.75 billio to protect, renew and expand community housing, support Ontario's priorities related to housing repair, construction and affordability, and deliver direct affordability support to Ontarians who need housing. OPHI provides flexible funding to address local housing priorities and improve access to affordable housing options. The initiative helps to increase the affordable housing supply and improve the state of repair of community housing stock.
• The National Housing Co-Investment Fund (NHCF) is a program under the National Housing Strategy (NHS) that gives priority to projects that help people who need it most, including women and children fleeing family violence, seniors, Indigenous peoples, people living with disabilities, those with mental health or addiction issues, veterans, and young adults.
• Ontario is committed to increasing housing supply across the province, while getting the best value for taxpayers. Cutting red tape will bring housing to market faster – leading to lower housing costs and helping people keep more of their hard-earned dollars. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing or follow us on Twitter.
Related links:
• As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing needs, and offers unbiased housing research and advice to all levels of the Canadian government, consumers and the housing industry. CMHC's aim is that by 2030, everyone in Canada has a home they can afford and that meets their needs. For more information, please visit cmhc.ca or follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.
• To find out more about the National Housing Strategy, visit: www.placetocallhome.ca
• Check out the www.placetocallhome.ca to see affordable housing projects that have been developed across Canada.
SOURCE: Canada Mortgage and Housing Corporation