Feds investing $74.7 million for Ottawa affordable housing

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The federal government has announced $74.7 million for the construction of 243 new rental housing units in Ottawa for middle-class families.

Through CMHC’s Rental Construction Financing initiative, the federal government investing in two projects. The Claridge Homes housing project, located at 70 Gloucester St., will get $70.8 million for the construction of a 27-storey building with 227 rental housing units.

The investment includes $3.9 million for a passive housing Centretown Citizens Ottawa Corporation project on Arlington Avenue. The project will offer 16 rental housing units.

“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,” Jean-Yves Duclos, minister of children, families and social development and the minister responsible for Canada Mortgage and Housing Corp., said in a statement.

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