The sum will be allocated to the construction and restoration of affordable housing units
The federal government has announced that it is committing more than $450 million over a 10-year period to the maintenance and development of community housing in Manitoba.
Said funds are part of Ottawa’s thrust to improve the nationwide supply of new affordable housing units by 15%, and renew approximately 20% of existing social housing units across Canada.
“The Government of Canada is committed to ensuring that every Canadian has a safe and affordable place to call home. Long-term, predictable funding for housing has been needed for more than a decade,” according to Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs).
“Today, with the Manitoba Government, we have taken a significant step toward our goal of building strong communities where Canadian families can prosper and thrive, now and for the future.”
Aside from protecting, rejuvenating, and adding upon community housing, the investment is also intended to “support Manitoba’s priorities related to housing repair, construction, and affordability.”
“By signing this bilateral, we are committing to a decade of strategic investments that will make a difference in the lives of children, families, seniors, vulnerable people and many others,” according to the Honourable Heather Stefanson, Minister, Manitoba Families.
“Manitoba is continuing on its path to become Canada’s most improved province by working in partnership with the federal government and many other critical agencies and organizations who share our dedication to housing issues.”