Everyone in Canada 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 Housing and Diversity and Inclusion, announced up to $50 million dedicated to building housing for Black households.
This funding through the National Housing Co-Investment Fund (NHCF) will support Black-led organizations to build housing, as well as more affordable housing for Black renter households in Canada.
Under this agreement, the $50 million carve-out will build upon the various investments and initiatives undertaken by CMHC to support Black Canadians facing housing needs, including a joint investment of $40 million with Habitat for Humanity Canada to support homeownership for Black families across the country.
Through the National Housing Strategy's National Housing Co-Investment Fund, the Government of Canada is assisting those in greatest need by creating a new generation of housing in Canada. This investment is another step forward in the federal government's work to alleviate inequities faced by Black Canadians and supporting Black Canadians in core housing need.
Quotes:
"In Canada, diversity is a fact but inclusion is a choice. That also means recognizing that different Canadians face unique challenges, especially when it comes to finding a safe and affordable place to call home. This carve-out for Black Canadians through the National Housing Co-Investment Fund will support vulnerable members of the Black community. This is another way our National Housing Strategy is ensuring no one is left behind. "— The Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion and Minister responsible for Canada Mortgage and Housing Corporation
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For further information: Information on this news release: Arevig Afarian, Office of the Minister of Housing and Diversity and Inclusion, [email protected]; Media Relations, Canada Mortgage and Housing Corporation, [email protected]
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