The federal government committed to building about 260 new homes in Toronto on Friday morning.
Eighty-six will be set at “affordable rates,” the government said.
The announcement, made by federal Minister of Housing and Diversity and Inclusion Ahmed Hussen, along with Davenport MP Julie Dzerovich, Etobicoke-Lakeshore MP James Maloney, Toronto Mayor John Tory and Deputy Mayor Ana Bailao, is part of approximately 105, $5 million committed by the government in connection with the federal Rapid Housing Initiative (RHI).
“These new homes will provide stability and safety for their residents and are another way our national housing strategy is ensuring that no one is left behind,” Huysen said at Friday’s press conference.
The houses will be built on seven different project sites, including:
- 136 Kingston Road, ($9.5 million)
- 525 Markham Road, ($26.6 million)
- 25 Augusta Avenue, ($12.5 million)
- 60 Bowden Street ($19.8 million)
- 150 Eighth Street ($31 million)
- 1120 Ossington Avenue, ($4.5 million)
- 1080 Queen Street East, ($1.6 million)
The government said the units were expected to be built within 12 months of the funding being made available, “with some exceptions”.
In April 2021, the federal government announced it was committing $72 million to build 220 new homes in the city’s Birchmount Green project.
The RHI is a $2.5 billion program under the federal government’s National Housing Strategy (NHS) provided in an effort to “help address the urgent housing needs of vulnerable Canadians by rapidly building over 10,000 affordable homes “.
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