THUNDER BAY, ON, Aug. 1, 2024 /CNW/ - Today, the federal government announced more than $84 million in contributions and low-cost loans through the Affordable Housing Fund (AHF) to help build and repair 4,966 affordable homes in Northern Ontario and in many Indigenous communities across Ontario.

The announcement was made by the Honourable Patty Hajdu, Minister of Indigenous Services and Member of Parliament for Thunder Bay – Superior North on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, alongside Marcus Powlowski, Member of Parliament for Thunder Bay—Rainy River.

It took place at Manion Court, an apartment complex located at 130 Donald Street West, and is operated by the District of Thunder Bay Social Services Administration Board (TBDSSAB). The building primarily serves seniors and offers 102 units, including one and two-bedroom apartments. In total, the District of Thunder Bay Social Services Administration Board is receiving over $2.9 million in funding towards repairs for 2,109 units across Thunder Bay.

A detailed list of all the projects that received funding is provided in an appendix to this release.

Quotes:

"Everyone deserves a place to call their own and the Affordable Housing Fund is one way we're helping make that a reality for Canadians. We will keep investing in affordable housing projects like the ones announced today, and working with partners across the country, to end the housing crisis." – The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

"This is about building an economy that is fair to everyone, especially younger generations. It will get more affordable homes built right here and will and more repairs done in the homes that need it. We're taking action to keep homes affordable in Northern Ontario so that young people too can afford them. This investment will also help First Nations communities build and repair homes according to their own priorities." – The Honourable Patty Hajdu, Minister of Indigenous Services and Member of Parliament for Thunder Bay – Superior North

"Today's announcement will build and repair nearly 2146 affordable homes in Thunder Bay. By creating and repairing more affordable housing, local residences will save money, creating an economy that works for everyone." – Marcus Powlowski, Member of Parliament for Thunder Bay—Rainy River, Ontario

Quick facts:

• The federal funding announced today is helping create a total of 231 new homes and is leading to the repairs of 4,735 homes.
• The Affordable Housing Fund (AHF) provides funding through low-interest and/or forgivable loans or contributions to help build new affordable homes and renovate and repair existing, affordable and community housing.
• Through the 2023 Fall Economic Statement, the government announced an additional $1 billion for the Affordable Housing Fund, bringing the total funding to over $14 billion. To further support non-profit, co-operative, and public housing providers and respond to the needs of those most impacted by the housing crisis, Budget 2024 committed an additional $1 billion to the fund.
• This program under the National Housing Strategy (NHS) gives priority to projects that help people who need it most, including women and children fleeing family violence, seniors, Indigenous peoples, people living with disabilities, those with mental health or addiction issues, veterans, and young adults.
• As of March 2024, the federal government has committed $50.97 billion through the NHS to support the creation of over 146,000 units and the repair of over 286,000 units.
• To support the Government's work to grow housing supply and address the need for more affordable and rental homes, CMHC is implementing the Frequent Builder framework.
• The Frequent Builder framework will help expedite applications for the Affordable Housing Fund and the Apartment Construction Loan Program. The Frequent Builder status is given to existing housing providers with a proven track record of building multi-residential units. Different criteria apply to Governments, non-profit and for-profit organizations to qualify for Frequent Builder status.
• Frequent Builders may receive benefits such as priority treatment, a streamlined process through intake, underwriting and approval stages, underwriting and advancing flexibilities, as well as the possibility of funding commitments for future years which will allow funding predictability and better planning for their pipeline of projects.

Additional Information:

• Visit Canada.ca/housing for the most requested Government of Canada housing information.
• CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC's aim is that everyone in Canada has a home they can afford and that meets their needs. For more information, follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.
• To find out more about the National Housing Strategy, please visit www.placetocallhome.ca.

Appendix: Projects receiving funding under AHF

SOURCE Canada Mortgage and Housing Corporation (CMHC)