Canadian Funding Corporation (CFC) says housing a priority
According to Canadian Funding Corporation CFC, CMHC’s report on Canada’s Economic Action Plan announces that housing is a priority.
“Housing is a priority for our government,” said Parliamentary Secretary Ed Komarnicki. “People across Canada, including seniors, persons with disabilities, First Nations, and those living in Canada’s North, will benefit from this investment, which will help to ensure that we continue to offer safe and affordable housing to Canadians.“
CFC reports that Canada’s Economic Action Plan includes more than $2 billion to build new and renovate existing social housing. Of the $2 billion: $1 billion is for renovations and upgrades; $475 million is for low-income seniors and persons with disabilities; $400 million is for on-reserve communities; and $200 million is for housing in the North.
“Since our government made this announcement in January, we have been making real progress in delivering the funds,” added Parliamentary Secretary Komarnicki. “The spin-off benefits are tremendous. We’re putting Canada’s economy back on the path to growth and making a real and lasting difference for Canadians coast-to-coast-to coast.”
As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.
Tags: affordable housing, canadian funding corp, canadian funding corporation, cfc, cmhc, economic action plan, economy, ed komarnicki, first nations, healthy communities, moishe alexander, national housing agency, persons with disabilities, renovations, social housing