Yesterday, our government was proud to sign its first bilateral agreement under the National Housing Strategy with the province of Ontario.
Long-term, predictable funding for housing has been needed in the province for more than a decade. This milestone will be a relief for thousands of Ontarian families who are still waiting for an affordable place to call home. The 10-year agreement will invest more than $4.2 billion to protect, renew and expand social and community housing, and support Ontario’s priorities related to housing repair, construction, and affordability.
The governments of Canada and Ontario will also work together on the design and implementation of a new Canada Housing Benefit in Ontario. This new agreement marks the beginning of a collaborative partnership that will provide long-term funding starting April 1, 2019.
The National Housing Strategy is an ambitious 10-year, $40-billion plan that will:
- remove 530,000 families from housing need;
- create 100,000 new housing units;
- repair and renew more than 300,000 housing units; and
- reduce chronic homelessness by 50%.
For more information: https://www.cmhc-schl.gc.ca/en/corp/nero/nere/2018/2018-04-30-1345.cfm