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Canada And Québec To Create Nearly 1,600 Affordable Homes

BY Realty Plus

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The announcement of the construction of 1581 new social and affordable homes, spanning 54 projects, that will be built throughout Québec is made possible thanks to more than $308 million provided by the Government of Canada through the Third Canada – Québec agreement on the Rapid Housing Initiative (RHI), as well as contributions from Québec.

The funds will go towards homes intended for vulnerable populations with special housing needs including but not limited to women and children fleeing violence, people who are homeless or at risk of becoming homeless, seniors, veterans, recent immigrants, refugees, people with disabilities, black Canadians, and Indigenous peoples. 

Of the total investment of upwards of $308 million for Québec, a minimum of $57.4 million will be allocated to the following cities, which were disclosed at the launch of the third round of RHI in November 2022.

Other investments under the Third Canada – Québec agreement on the Rapid Housing Initiative that are not listed above will be provided to municipalities, Indigenous organizations, as well as non-profit organizations, to create social and affordable housing projects throughout Québec. Details of funded projects will be announced shortly.

The Government of Québec has committed to funding the rent supplements for select projects. With this assistance, eligible tenants will pay only 25% of their income for housing.

This announcement is in addition to the two previous Canada – Québec agreements through the Rapid Housing Initiative signed in 2020 and 2022. These agreements have already provided investments of nearly $517 million to Québec and are in the process of creating over 3,200 safe, secure, and deeply affordable homes throughout Québec.

Launched in 2020, the Rapid Housing Initiative (RHI) is delivered by the Canada Mortgage and Housing Corporation (CMHC). Consult the official page of the third round of the Rapid Housing Initiative (RHI) for more details.

The RHI takes a human rights-based approach to housing, serving people experiencing or at risk of homelessness and other vulnerable people, including women and children fleeing domestic violence, seniors, young adults, Indigenous Peoples, people with disabilities, people experiencing mental health and addiction issues, veterans, 2SLGBTQI+ individuals, racialized groups, and recent immigrants or refugees.

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Tags : announcement construction social affordable homes projects Quebec Government of Canada Rapid Housing Initiative vulnerable populations special housing needs