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TORONTO, April 1, 2021 /CNW/ - Every Canadian deserves a safe and affordable place to call home. The COVID-19 crisis has made it clear that affordable housing is key to Canada s recovery, as communities across the country are dealing with the devastating impacts of rising levels of homelessness and housing need.
Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), announced over $75.2 million through its Projects Stream to support the construction of 301 permanent affordable housing units for individuals and families in Ontario, with over half of the units committed to Indigenous peoples, and over one third to women and children.
More Affordable Housing for Seniors Coming to Portage la Prairie
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Canada Providing Rental Housing in Laval
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HPC Housing Investment Corporation Completes Inaugural Social Bond Financing for New Construction Lending Program
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TORONTO, March 17, 2021 /CNW/ - HPC Housing Investment Corporation (HIC) is pleased to announce that it closed a C$40 million social bond offering as part of its new Construction Lending Program, that will provide long-term financing for an affordable housing project in Edmonton, Alberta.
First to benefit from this new lending program is Capital Region Housing s Londonderry mixed use redevelopment project. Located in central Edmonton, the redevelopment will replace the existing 80 units with 240 new 2- to 3-bedroom apartments and 1-, 3-, 4- and 5-bedroom townhomes. The project features: