“This historic Federal investment will help bring new and affordable rental housing units as well as shelter beds to Brampton and the Region of Peel. COVID-19 has had a profound impact on families, many finding themselves in urgent need of affordable housing. Our Government is stepping up to the plate and moving forward on our National Housing Strategy.” — Sonia Sidhu, Member of Parliament for Brampton South
August 7, 2020 – BRAMPTON
Today the Government of Canada, Province of Ontario, and the Region of Peel made a historic announcement that will result in thousands of more families having a safe and affordable place to call home in Peel.
The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation with the Region of Peel Chair Nando Iannicca, announced a more than $276 million financial commitment from the federal government through the National Housing Co-Investment Fund (NHCF) for the creation of new affordable housing in Peel.
Peel Region has one of the highest growth rates in the Greater Toronto Area over the past 20 years, a trend which is expected to continue. This $276 million federal investment represents the single largest individual housing investment ever made by the Government of Canada in the Region of Peel.
These funds will enable the Region of Peel to begin the development of new housing projects which will total up to 2,240 affordable rental units and shelter beds on Region-owned sites over the next eight years.
To find out more about the National Housing Strategy, visit www.placetocallhome.ca.
QUOTES:
“Our Government is investing in affordable housing in Peel Region and across Canada to help create jobs and improve the quality of life for those who need it most. With our partners, we are providing a helping hand to individuals and families in need, and in doing so, we are contributing to the economic and social well-being of Peel Region.” — The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation
“This historic Federal investment will help bring new and affordable rental housing units as well as shelter beds to Brampton and the Region of Peel. COVID-19 has had a profound impact on families, many finding themselves in urgent need of affordable housing. Our Government is stepping up to the plate and moving forward on our National Housing Strategy.” — Sonia Sidhu, Member of Parliament for Brampton South
“On behalf of Region of Peel Council, we are thrilled to partner with the Government of Canada to build much-needed affordable housing in Peel. These significant investments enable the Region of Peel to add thousands of new affordable rental housing units as well as shelter beds for residents who are most in need. The magnitude of Peel’s affordable housing shortage is being heightened by the effects of the pandemic as more individuals and families are finding themselves in urgent need of affordable housing. This demands that all levels of government work together, and we’ll continue to explore innovative partnerships with both the federal and provincial governments to fulfill our plan for creating more affordable housing in Peel.” — Nando Iannicca, Chair, Region of Peel
