On September 21, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC) and the Honourable Catherine McKenna, Minister of Environment and Climate Change and Member of Parliament for Ottawa Centre, announced an investment of $74.7 million for the construction of 243 new rental housing units in Ottawa to help middle-class families have an affordable place to live.
Through CMHC’s Rental Construction Financing initiative (RCFi), the federal government investing in two projects, including:
- $70.8 million for the construction of a twenty-seven storey building with 227 rental housing units of which over 200 will have rents lower than 30% of median household income in the area. The Claridge Homes housing project, located at 70 Gloucester Street, will achieve strong accessibility and energy efficiency outcomes with more than 10% of units being accessible and projected energy-efficiency savings of 50%.
- $3.9 million for a passive housing Centretown Citizens Ottawa Corporation project on Arlington Avenue. It will feature 16 rental housing units with rents well below 30% of median household income in the area. With its innovative design, it will achieve energy-efficiency savings of 56% and four units will be accessible.
These projects will provide affordable housing options close to public transit, schools and services for middle-income families. As a result, they can enjoy better social outcomes and contribute to vibrant and socially inclusive neighbourhoods.
“Through the National Housing Strategy, more middle class Canadians — and those working hard to join it — will find safe, accessible and affordable homes where their families can thrive and have the stability and opportunities they need to succeed. Our Government is committed to increasing the supply of rental units for Canadians through projects like the ones we are announcing today,” said Duclos.
Hard working middle-class families in #Ottawa deserve a safe and affordable place to call home, where they can thrive and spend more time with their children. With the support of our government, 243 families in Ottawa will have a place to call home. pic.twitter.com/CSmkNcZcz1
— Jean-Yves Duclos (@jyduclos) September 21, 2018
“These investments create good jobs and grow the local economy, helping families in our community that will soon move into these safe and affordable rental housing units. These projects are making a big difference in building a more sustainable future through more energy-efficient and affordable homes,” added McKenna.