Funding for new affordable housing in Orléans was announced today.
The Montfort Renaissance development at 1900 St. Joseph Blvd. received over $5.2 million of funding from the Government of Canada and Government of Ontario through the Investment in Affordable Housing (IAH) agreement and will provide 48 affordable units.
Andrew Leslie, Member of Parliament for Orléans, along with Marie-France Lalonde, Member of Provincial Parliament for Ottawa-Orléans, made the announcement today.
- Today’s announcement of affordable housing in Orléans was part of a larger announcement that included 16 IAH developments across Ottawa, totalling more than $54 million in federal-provincial funding and more than 675 units of additional affordable housing.
- The funding levels in Budget 2016 by the Governments of Canada and Ontario under the IAH agreement have been doubled to close to $337 million over two years. This is in addition to existing funding of close to $1.6 billion to March 2019 under this initiative.
- Canada’s first ever National Housing Strategy is a 10-year, $40-billion plan that will give more Canadians a place to call home.
- The National Housing Strategy aims to achieve a number of targets over the next decade, including:
- Removing more than 530,000 households out of housing need
- Creating 100,000 new housing units
- Repairing and renewing more than 300,000 housing units
- Protecting an additional 385,000 households from losing an affordable place to live
- Reducing chronic homelessness by 50%
“Our Government is investing in affordable housing here in Orléans and across Canada to help create jobs and improve the quality of life for those who need it most. Thanks to the combined efforts of our partners, we are able to give a helping hand to individuals in need, and in doing so, we are contributing to the economic and social well-being of the entire community.”– MP Andrew Leslie, Orléans
“Ensuring everyone in Ontario has a safe and affordable place to call home is part of Ontario’s plan to create fairness and opportunity for all. I am pleased that our government has invested in Orléans, helping remove barriers to housing, and creating more accessibility for those in need in our community.” – MPP Marie-France Lalonde, Ottawa-Orléans
- As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. For more information, please visit ca or follow us on Twitter, YouTube, LinkedIn and Facebook.
- Investing in affordable housing programs is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ca/affordablehousing or follow us on Twitter.