Habitat for Humanity got a big boost on August 15, as the federal government pledged $32.4 million to help build up to 405 new homes and renovate and renew 105 units as part of its National Housing Co-Investment Fund (NHCF).
Adam Vaughan, parliamentary secretary to the minister of families, children and social development made the announcement in Scarborough, saying “Our Government is dedicated to supporting people with their housing needs, which is why we are investing in Habitat for Humanity Canada. Through their efforts hundreds of families across Canada will realize the dream of home ownership.”
The NHCF is a pillar initiative of the National Housing Strategy (NHS), a 10-year, $55 billion plan to reduce chronic homelessness by 50 percent.
Habitat for Humanity supports people who face barriers to home ownership and would not qualify for a traditional mortgage. It works with families to build and rehabilitate safe and decent homes for themselves, with geared-to-income mortgage payments.
“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,” said Mark Rodgers, president and CEO of Habitat for Humanity Canada.
During the first year of this funding, $1,455,200 will go toward helping Habitat for Humanity Greater Toronto Area fund 16 new homes.
“By investing in this project, we are another 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,” Vaughan said.