Ontario Construction News staff writer
The Government of Canada has announced more than $40 for the construction and repair of 149 homes across eight housing projects in Northern Ontario. This investment marks a significant step forward in addressing the region’s ongoing housing needs, particularly for vulnerable populations.
The funding is part of the National Housing Strategy (NHS), which focuses on making affordable and accessible housing a priority in communities across Canada. The initiative will benefit areas such as Thunder Bay and surrounding regions, where housing shortages have been a pressing issue.
The $40 million will be allocated through a combination of grants and low-cost repayable loans for a variety of housing projects:
- Chippewas Kettle & Stoney Point (KSP): $1,372,030 to create six new rental units with a focus on affordability and accessibility.
- Zhiibaahaasing First Nation: $1,446,600 for five new affordable rental units.
- Long Lake #58 First Nation: $1,672,740 for construction of eight new affordable rental units.
- Wikwemikong Unceded Indian Reserve: $3,076,250 for 16 new rental units with an emphasis on affordability and accessibility.
- 276 Duke Street (Dryden): $16,390,000 to build 48 new rental units, also featuring affordability and accessibility elements.
- Washagamis Bay First Nation: $150,000 to renovate 10 rental units, improving their affordability and accessibility.
- Kenora: $6,972,000 grants and $9,780,908 in loans for 56 new rental units tailored specifically for seniors.
Funding is seen as a vital contribution to improving the region’s housing infrastructure and quality of life for its residents, particularly seniors and vulnerable communities.