10-28-2020, 01:34 PM
Yesterday's announcement of $500M for affordable housing, directly from the federal government to municipalities, includes $8.3M for Waterloo Region.
https://twitter.com/Redman4Region/status...6660862978
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">An unprecedented 8.2 million investment to <a href="https://twitter.com/RegionWaterloo?ref_src=twsrc%5Etfw">@RegionWaterloo</a> today will support our most vulnerable through the creation of new affordable housing units & enable us to make real progress on our goal of ending chronic homelessness.<br><br>Thank you <a href="https://twitter.com/FCM_online?ref_src=twsrc%5Etfw">@FCM_online</a> for your advocacy. <a href="https://t.co/NIqeBAyhA6">https://t.co/NIqeBAyhA6</a> <a href="https://t.co/OP62XUuCU3">pic.twitter.com/OP62XUuCU3</a></p>— Karen Redman (@Redman4Region) <a href="https://twitter.com/Redman4Region/status/1321178116660862978?ref_src=twsrc%5Etfw">October 27, 2020</a></blockquote>
I assume (and hope) that this will be used for new projects, incremental to what the region already has planned. Depending on the size and type of units, and whether land has to be purchased, this could create 40-50 more affordable units in the region.
The federal government has an additional $500M available "for projects that are completed within a year of federal officials giving a green light for funding." That timeline probably dictates the conversion of existing buildings (such as hotels) rather than development of all-new properties.
CTV's story is here:
https://kitchener.ctvnews.ca/waterloo-re...-1.5163770
https://twitter.com/Redman4Region/status...6660862978
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">An unprecedented 8.2 million investment to <a href="https://twitter.com/RegionWaterloo?ref_src=twsrc%5Etfw">@RegionWaterloo</a> today will support our most vulnerable through the creation of new affordable housing units & enable us to make real progress on our goal of ending chronic homelessness.<br><br>Thank you <a href="https://twitter.com/FCM_online?ref_src=twsrc%5Etfw">@FCM_online</a> for your advocacy. <a href="https://t.co/NIqeBAyhA6">https://t.co/NIqeBAyhA6</a> <a href="https://t.co/OP62XUuCU3">pic.twitter.com/OP62XUuCU3</a></p>— Karen Redman (@Redman4Region) <a href="https://twitter.com/Redman4Region/status/1321178116660862978?ref_src=twsrc%5Etfw">October 27, 2020</a></blockquote>
I assume (and hope) that this will be used for new projects, incremental to what the region already has planned. Depending on the size and type of units, and whether land has to be purchased, this could create 40-50 more affordable units in the region.
The federal government has an additional $500M available "for projects that are completed within a year of federal officials giving a green light for funding." That timeline probably dictates the conversion of existing buildings (such as hotels) rather than development of all-new properties.
CTV's story is here:
https://kitchener.ctvnews.ca/waterloo-re...-1.5163770