The first social housing units for seniors or low-income families are to benefit from federal funding under a $12 million investment, the Canada Mortgage and Housing Corporation says.
Speaking in Edmonton Friday, the minister responsible for the CMHC, Jean-Yves Duclos, said that around 1,000 units will be repaired and upgraded with help from the Reno/Retro 2016 initiative.
“Our Government is investing in repairs and retrofits of social housing projects to improve the quality of life for those who need it most – low-income households, seniors, among others – and create good jobs that help grow Canada’s economy and Canada’s middle class in a clean and sustainable way. These investments are a transitional measure to address immediate and pressing problems in the short term while we take the time to develop new approaches for the future.”
Projects receiving funding include cooperatives and non-profit housing administered by CMHC. Renovation and retrofit work will take place in 46 projects located in Alberta, Ontario, Quebec and Prince Edward Island.