Every Canadian deserves a safe and affordable place to call home. That is why the Government of Canada partnered with the Government of Alberta to create new jobs and support new seniors housing in Lethbridge.
A new 64-unit development addresses the need for affordable seniors housing in Lethbridge. The mixed-income development will include 32 units with rent set at 20 per cent below market rates and the other 32 at market rental rates. More than 90 jobs will be created.
Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with Josephine Pon, Minister of Seniors and Housing, announced funding for the project. The governments of Canada and Alberta will provide about $3.4 million, through the Investment in Affordable Housing Agreement.
The estimated total cost for the project is $12.5 million. The Alberta government will work with the City of Lethbridge, housing management body Lethbridge Housing Authority and other contributors to fund the remainder of the project.
Alberta's Recovery Plan is a bold, ambitious long-term strategy to build, diversify, and create tens of thousands of jobs now. By building schools, roads and other core infrastructure, we are benefiting our communities. By diversifying our economy and attracting investment with Canada's most competitive tax environment, we are putting Alberta on a path for a generation of growth.
- The Government of Canada acknowledges that these developments are built on the traditional territories of the Blackfoot people of the Canadian Plains.
- Since 2011 and to March 2019, most of the federal funding for affordable housing has been provided through the Investment in Affordable Housing (IAH).
- Under the Investment in Affordable Housing, provinces and territories are responsible for choosing the programs they design and deliver, and also has the flexibility to invest in a range of affordable housing programs to meet local needs and pressures.
- The Government of Canada is currently rolling out its National Housing Strategy, an ambitious 10-year, $55-billion plan that will create 125,000 new housing units and lift 530,000 families out of housing need, as well as repair and renew more than 300,000 housing units and reduce chronic homelessness by 50 per cent.
- The National Housing Strategy is built on strong partnerships between federal, provincial, and territorial governments, and ongoing engagement with others, including municipalities, Indigenous governments and organizations, and the social and private sectors to make a meaningful difference in the lives of Canadians.
To find out more about the National Housing Strategy, visit: www.placetocallhome.ca
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