The Government of Canada's National Housing Strategy (NHS) is an ambitious, 10-year plan that will invest more than $82+ billion to give more Canadians a place to call home. – Gord Perks, Councillor of Parkdale-High Park and Chair of the Planning and Housing Committee Together with our government partners, we will continue to provide a timely response to the urgent housing needs of Toronto residents.' I am very grateful to the Government of Canada for reasserting its commitment to increasing the supply of affordable supportive housing in Toronto. The Rapid Housing Initiative allows us to deliver safe, sustainable, long-term housing with appropriate supports to people who need it the most. 'People experiencing homelessness face daily challenges to their health, safety and overall well-being. advances the City's public builder model, and I'm excited to see the Government of Canada supporting this generational opportunity to get back into the business of building housing.' – Olivia Chow, Mayor of the City of Toronto Today's announcement of federal funding for this much needed housing is very welcome – and an example of the kinds of investment and partnership required to address Toronto's housing and homelessness crisis. 'Increasing the supply of supportive housing is critical to addressing homelessness in Toronto. It builds on the $14 million we have already invested in Parkdale-High Park through the Rapid Housing Initiative. Your federal government will continue to put the housing needs of residents first.' – The Honourable Arif Virani, Minister of Justice and Attorney General of Canada and Member of Parliament for Parkdale-High Park

Today's announcement of a $21 million investment through the Rapid Housing Initiative in my riding of Parkdale-High Park is another step towards creating more equitable and affordable housing for vulnerable people in our community. 'Safe and affordable housing is foundational – it helps build community and results in improved economic, educational and health outcomes. We will continue working closely with our partners to create more affordable housing that meets the needs of Canadians now, and into the future.' – The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities Through the Rapid Housing Initiative, we are quickly providing new affordable homes for people who need them most right across Canada. 'Everyone deserves a safe and affordable place to call home. The additional funding for the third round of RHI will be divided into two streams: $1 billion through the Projects Stream and $500 million towards the Cities Stream. RHI provides funding to facilitate the rapid construction of new housing and the acquisition of existing buildings for the purpose of rehabilitation or conversion to permanent affordable housing units. This investment is also expected to create at least 5,200 more affordable housing units for Canadians in severe housing need across the country, with almost 50 per cent of investments going towards women-focused housing projects. This is made possible by the Government of Canada's additional investment of $1.5 billion through RHI, bringing the program's total to $4 billion to support the country's most vulnerable.

$3.4 million in contribution and $389,321 in cash equity from the City of Toronto $21.6 million under the Cities Stream of the third round of the Rapid Housing Initiative (RHI) This is part of the City's effort to advance a systemic shift in Toronto's housing system and increase the stock of public and non-profit owned homes.Ĭompletion of the project is expected by early 2025.Ī breakdown of funding for this project includes: The City will lead this development under a new public builder model. The new project, located at 11 Brock Avenue, will provide at least 40 affordable housing units with support services for people experiencing or at risk of homelessness, including seniors, Indigenous people, persons with mental health and addictions issues, and women. The announcement was made by the Honourable Arif Virani, Minister of Justice and Member of Parliament for Parkdale-High Park, on behalf of the Honorable Sean Fraser, Minister of Housing, Infrastructure and Communities, alongside Olivia Chow, Mayor of the City of Toronto and Gord Perks, Councillor for Parkdale-High Park. Government of Canada Logo (CNW Group/Canada Mortgage and Housing Corporation (CMHC))

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