A joint investment of nearly $64 million from the Government of Canada and the City of Hamilton will go towards the building and repair of critical housing units in Hamilton, Ontario. This includes four rental housing projects located at 90 Carling Street, 104-106 Bay Street, 32 Clapham Road and 219 East Avenue North.

Some of this funding will help finance the construction and repair of rental units aimed  specifically at seniors, women and children fleeing domestic violence, people experiencing mental health or addiction issues, and Indigenous Peoples.

“All across the country, I hear from Canadians that the cost of housing is a top concern –- and that’s why we are rapidly investing to build more homes.” said Prime Minster Justin Trudeau. “Today’s investment to build and repair hundreds of homes in Hamilton will make housing more affordable, create good jobs for the middle class, and grow the economy.”

“It’s so important to me that people of all ages and income levels can afford to call Hamilton home,” added Andrea Horwath, Mayor of Hamilton. “This joint investment by the City of Hamilton and the Government of Canada will change the lives of hundreds of people and demonstrates the important and ongoing partnership that is required to support Hamilton residents as life continues to get more expensive.”

The federal funding of $45 million will be provided through National Housing Strategy (NHS) programs, including the Rental Construction Financing Initiative and the Rapid Housing Initiative (RHI).

RHI, delivered through the Canada Mortgage and Housing Corporation (CMHC), 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.

Click here for more: Building more homes in Hamilton (newswire.ca)