WINNIPEG, Nov. 20, 2018 /CNW/ - Hard working middle-class families in Winnipeg deserve a safe and affordable place to call home where they can thrive and spend more time with their children.
Today, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced the construction and funding of 95 new rental housing units in Winnipeg so that more middle-class families will have an affordable place to live.
Through CMHC's Rental Construction Financing initiative (RCFi), the federal government is investing over $18 million for the construction of Park City Commons, a 6-storey building that will provide safe and affordable homes to 95 families. All units will have rents at or lower than 30% of median household income in the area.
This project, constructed on a former City of Winnipeg Public Works Yard, will provide affordable housing options close to public transit, schools and services for modest and middle-income households. As a result, they can enjoy better social outcomes and contribute to vibrant and socially inclusive neighbourhoods.
The RCFi, a National Housing Strategy initiative delivered by CMHC, supports affordable rental housing construction projects to encourage a stable supply of affordable rental housing across the country for middle-class families struggling in expensive housing markets.
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"Through the National Housing Strategy, more middle class Canadians - and those working hard to join it - will find safe, accessible and affordable homes in communities where their families can thrive and children learn and grow. This investment is wonderful news for the Winnipeg middle-income families that will move into these new affordable rental housing units. Our Government is committed to increasing the supply of rental units for Canadians through projects like the one we are announcing today." – The Honourable Jean-Yves Duclos, Minister of Children, Families and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation
"The RCFi was instrumental in allowing us to achieve our guiding principle for this development—to establish a living environment that addresses rent affordability, accessibility, inclusiveness and community-building by providing an area that promotes a comfortable and sustainable lifestyle." – Keith Merkel, President, EdgeCorp Developments
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SOURCE Canada Mortgage and Housing Corporation
Valerie Glazer, Press Secretary, Office of the Minister of Families, Children and Social Development, 613-220-1841, [email protected]; Gabriel Teo, Public Affairs, Canada Mortgage and Housing Corporation, (604) 737-4137, [email protected]
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