4,500 more homes for Canadians

Every Canadian deserves a safe and affordable place to call home. However, the COVID-19 pandemic has increased the need for affordable housing and led to rising levels of homelessness. The Government of Canada created a national strategy to build thousands of units and provide affordable housing to people across the country. By continuing to make investments in affordable housing, the government is building stronger communities, creating jobs, and growing our middle class, while fighting homelessness and helping vulnerable Canadians.

The Prime Minister, Justin Trudeau, today announced the creation of 4,500 new affordable housing units across the country with an additional investment of $1.5 billion through the Rapid Housing Initiative (RHI). These housing units will support Canadians who are in uncertain housing situations, experiencing or at risk of homelessness, or living in temporary shelters because of the pandemic.

This funding will be divided into two streams:

• Cities Stream: $500 million will be allocated to 30 pre-determined municipalities across Canada based on the number of renters in severe housing need, local market housing costs, and a regional distribution.
• Projects Stream: $1 billion will be allocated to eligible applications submitted during the RHI’s initial application period last fall and having not yet received funding.

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