The governments of Canada and Ontario are investing over $23.5 million in two new affordable housing developments in Peel Region, building 219 homes for individuals, families, seniors and people with disabilities.
“Our government is dedicated to housing more Canadians which is why we are proud to have invested in these developments in Peel Region,” said Adam Vaughan, parliamentary secretary to the Minister of Families, Children and Social Development.
“These new units are more than just safe and affordable places to live, they are key to a better life for the residents who call them home.”
The Indwell affordable housing project on Lakeshore Road East will include 68 affordable housing units, a food bank and support program for people with disabilities. Funding is through the joint federal-provincial Social Infrastructure Fund and Investment in Affordable Housing Program.
Canada and Ontario invest in affordable housing in Peel Region
“Our government is committed to ensuring all Ontarians have access to an affordable place to call home,” said Steve Clark, Minister of Municipal Affairs and Housing. “These important investments in Peel Region are the latest examples of the good things that can happen when we work together to help those most in need in our province.”
The East Avenue affordable housing project will include 151 affordable housing units for individuals, families and seniors. Funding for the project is being delivered through the federal-provincial Investment in Affordable Housing Program and the Ontario Priorities Housing Initiative.
“This investment is great news for Peel Region,” said Rudy Cuzzetto, MPP Mississauga-Lakeshore. “These two projects are a great addition to Mississauga and I congratulate all those who have worked so hard to provide stable housing and access to support services, such as counselling, addiction services, and life-skills training.”
The Social Infrastructure Fund (SIF) and Investment in Affordable Housing (IAH) Program are joint federal-provincial programs to fund the creation and repair of affordable housing. They also provide down payment assistance for homeownership and rental assistance to families and individuals in need.
Under the SIF and IAH programs, service managers have the flexibility to select which program components to participate in – such as new rental construction, home repair, housing allowances, rent supplements or home ownership – based on local housing needs in their communities.
“When we all work together, we can achieve practical, immediate solutions that address homelessness in our cities and province,” said Jeff Neven, Indwell’s Executive Director. “Here in Port Credit, all levels of government, community members, the BIA, social service organizations, and churches are working together with Indwell to create new homes for 68 people.”
The Ontario Priorities Housing Initiative builds on the success of the Investment in Affordable Housing program and addresses local priorities in the areas of housing supply and affordability.