In October 2020, the Federal Government launched a new Rapid Housing Initiative (RHI) that invests $1 billion dollars to create up to 3,000 new permanent, affordable housing units across Canada.
This RHI covers the construction of modular housing, as well as the acquisition of land, and the conversion of existing buildings into affordable housing options. The funding is much needed and will help municipalities address urgent housing needs for those who are vulnerable. To learn more, see here.
The RHI covers the costs, including the acquisition of land, associated with:
- construction of modular housing;
- the conversion of non-residential to residential; and
- the renovation of uninhabitable buildings to become habitable.
This initiative will be delivered through two funding streams:
Major Cities Stream: which will flow directly to municipalities to ensure funds are directed to areas where chronic homelessness is most prevalent and;
Projects Stream: which will prioritize applications received from Provinces, Territories, municipalities, Indigenous governing bodies and organizations and non-profits based on the overall strength of the application.
As part of the Major Cities funding stream, the Halifax Regional Municipality has been identified for immediate funding of $8,659,527 to create a minimum of 28 units of new permanent affordable housing.
The municipality has evaluated the Expressions of Interest and has selected the following projects: Mi’kmaq Native Friendship Centre, Adsum for Women and Children and the North End Community Health Association for a total of 52 units/rooms. See the report here.
The recommendations have been approved by CMHC. Please see here for the press release.
Questions can be directed to Jillian MacLellan at 902-717-3167 or firstname.lastname@example.org.