On behalf of Regional Council, I am pleased to host Federal Minister Ahmed Hussen as he announces $10.5 million for 41 new affordable housing units in Niagara.
Affordable housing is an urgent problem in Niagara. Although the COVID-19 pandemic has been difficult for many residents, those experiencing homelessness in our community have been disproportionately affected. At the end of June, there were nearly 7,000 individuals and families waiting for geared-to-income housing. To this end, residents who live in these units will not have to pay more than 30 per cent of their income to secure a home.
The $10.5 million announced today will allow the Region to continue to provide critical support to those most at risk of becoming homeless. This investment will make a meaningful impact on addressing our housing waitlist in Niagara.
Addressing Niagara’s housing and homelessness challenge is a key priority for this term of council and one that I am keen to continue working on. While we are still finalizing the details of how these funds will be spent, I want to ensure the community that these new units will be in our community quickly as we work to alleviate the housing and homelessness burden in Niagara.
On behalf of Niagara Regional Council, I would like to thank all our partners from the Government of Canada and the Canada Mortgage and Housing Corporation for this substantial investment in our community. This type of investment is sorely needed and will be put to good use in our region.