Habitat for Humanity Canada Receives a $32.4 million Fund From the Federal Government

Habitat for Humanity Canada and its affiliated organizations across the country will receive a $32.4 million financial commitment over three years (2019-2021) from the federal government.

With this commitment by the NHCF, an initiative of the National Housing Strategy (NHS), and the work of Habitat for Humanity and its affiliated organizations, approximately 405 new homes will be created and 105 units will be repaired and renewed to support lower income families in communities in every province and territory across Canada.

“Our Government is dedicated to helping those in need, which is why we are proud to be investing in Habitat for Humanity Canada. Through their efforts hundreds of families across Canada will realize the dream of homeownership. By investing in this project, we are one step closer to our government’s ambitious goal of creating 125,000 new housing units and lifting 530,000 families out of housing need as part of the National Housing Strategy,” said The Honourable Maryam Monsef, Minister of International Development and Minister for Women and Gender Equality.

According to Canada Mortgage and Housing Corporation (CMHC), these homes will meet NHCF accessibility and energy efficiency targets and will serve a range of vulnerable populations including single mothers, Indigenous peoples, people with disabilities and seniors.

Funding is to be allocated across nine provinces and one territory in support of the creation of 135 new homes and the repair of approximately 56 existing homes during the first year of this NHCF commitment.

Under this first year commitment, Habitat for Humanity Peterborough will receive up to $3,183,250 for thirty-five new homes within its Leahy’s Lane project.

An architectural rendering of Habitat for Humanity Peterborough & Kawartha Region’s planned 41-unit affordable condo development at 33 Leahy’s Lane in Peterborough. On August 13, 2019, the federal government announced it is investing up to $3.2 million to support the development, part of a $32.4 million financial commitment over three years (2019-2021) under the federal government’s National Housing Co-Investment Fund to support Habitat for Humanity Canada and its affiliate organizations across Canada. (Illustration courtesy of Habitat for Humanity Peterborough & Kawartha Region) — Courtesy of kawarthanow.com

This 41-unit condo building will be Habitat for Humanity Peterborough’s largest multi-residential building, and will serve as a model that can be rolled out to other Habitats across the country.

“The demand for housing in Peterborough is extremely high and I am very happy to see the Leahy’s Lane project moving forward. Habitat Peterborough does great work, and this innovative project will have an enormous positive impact for our community,” said Diane Therrien, Mayor of Peterborough.

The Leahy’s Lane project will have 6 one-bedroom units, 29 two-bedroom units, and 6 three-bedroom units. All units will be affordable, with a mixture of incomes from the low $20,000s to $50,000 depending on family size.

Habitat for Humanity Peterborough and Kawartha Region CEO Sarah Burke, left, Peterborough-Kawartha MP Maryam Monsef, Mayor Diane Therrien, Habitat for Humanity president/CEO Mark Rodgers and government and Indigenous affairs vice-president Peter De Barros toss soil in the air after Monsef announced $3,183,250 in funding for 35 new homes in a 41-unit condo building which Habitat for Humanity plans to build on vacant land at 33 Leahy’s Lane. The announcement was made Tuesday morning at the site. – Clifford Skarstedt , Examiner — Courtesy of thepeterboroughexaminer.com

CMHC states that the Government of Canada will work with partners to build up to 60,000 new affordable homes and repair up to 240,000 existing affordable and community homes over the next 10 years through the NHCF.

“We are extremely grateful for this partnership with the Government of Canada and CMHC as this investment will create significant opportunities for Habitat to scale and grow our program in communities across Canada. Collaboration is key to this success, and we will need the support of volunteers, donors, corporations and the community,” said Mark Rodgers, President and CEO, Habitat for Humanity Canada. “This funding will help empower families to overcome the barriers to affordable homeownership, and help them build healthier, more financially stable lives.  We know that the outcomes of our program are long-lasting and life-changing, and now, thanks to this investment from the Government of Canada, we can help even more Canadians in need of affordable housing than ever before.”

You might also like