On Wednesday Jean-Yves Duclos, announced that our government is investing $500 million over 10 years for a new Federal Community Housing Initiative.
This will protect affordability for tenants and stabilize the operations of some 55,000 units of federally administered community housing and co-operative projects.
To help more Canadians access housing that meets their needs and they can afford, the National Housing Strategy sets out to achieve bold outcomes over the next 10 years, including:
reducing chronic homelessness by 50%;
removing more than 530,000 households from housing need;
creating 100,000 new housing units, and repairing and renewing more than 300,000 housing units; and
protecting an additional 385,000 community housing units.