Hamilton is set to receive funding for affordable housing from the federal government.
The money is coming from the government’s new Rapid Housing Initiative, aimed at creating up to 3,000 new and permanent affordable housing units in the country.
The $1 billion fund will cover the cost of construction of modular housing, the acquisition of land and the conversion/rehabilitation of existing buildings.
Hamilton is set to receive $10.7 million, according to sources close to the government.
Hamilton is among the cities in Canada with a high number of renters and a high number of homeless; to now get federal $ for housing. @CHCHNews
— Lisa Hepfner (@LisaHepfnerCHCH) October 27, 2020
“No Canadian should ever be without a place to call home,” said Prime Minister Justin Trudeau.
“By making smart and substantial investments in affordable housing and providing funding directly to municipalities, we’re creating jobs, strengthening our communities across the country, and helping the most vulnerable.”