COQUITLAM, BC, Feb. 9, 2024 /CNW/ – With federal funding and federal leadership, we are changing how cities let housing get built in their municipalities. With a greater focus on higher density housing, student housing, homes near transit and affordable housing we are going to get more homes built for Canadians at prices they can afford.
Today, the Government of Canada and the City of Coquitlam announced that they reached an agreement to fast track over 650 housing units over the next three years. This work will help spur the construction of more than 2,800 homes over the next decade.
The agreement, under the Housing Accelerator Fund (HAF) will provide over $25 million to eliminate barriers to building the housing we need, faster. Coquitlam’s Action Plan commits to seven local initiatives that enable a variety of housing forms and densities to meet the diverse needs of the community. The funding will support innovative initiatives to streamline redevelopment of underused sites along key growth corridors, incentivize purpose-built and affordable rental housing, and reduce parking requirements city-wide. Initiatives also include delegating the approval of minor development variance permits to staff, strengthening partnerships with non-profits to expedite affordable housing, expanding digital permitting to improve processing times, and updating design guidelines to reduce time spent on design review.
HAF is helping cut red tape and fast track at least 100,000 permitted new homes over the first three years, which cities and regions estimate will lead to the creation of almost 550,000 permitted new homes for people in towns, cities, and Indigenous communities across Canada over the next decade. It asks for innovative action plans from local governments, and once approved, provides upfront funding to ensure the timely building of new homes, as well as additional funds upon delivering results. Local governments are encouraged to think big and be bold in their approaches, which could include accelerating project timelines, allowing increased housing density, and encouraging affordable housing units.
The Government of Canada is making life more affordable for Canadians – and housing is key to our work. We will continue to work with provincial, territorial, and municipal governments, as well as Indigenous partners, to keep building more homes for Canadians, faster.
Quotes:
“We are excited and proud to announce this partnership with Coquitlam today. By streamlining the redevelopment of underused sites, incentivizing purpose-built and affordable housing and reducing time spent on design review by updating design guidelines, the City will ensure that Coquitlam has more of the kind of homes we need to tackle the housing crisis. We will continue working with cities, mayors, and all levels of government, to get more homes built for Canadians at prices they can afford.”– The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities
“Our government knows the importance of safe, affordable, and accessible housing. It is a catalyst that allows Canadians to pursue education, jobs, and opportunity. When housing is in short supply, Canada’s whole economy suffers. With today’s announcement, we are eliminating barriers, investing in the economy, and supporting Canada’s middle class.” – Ron McKinnon, Member of Parliament for Coquitlam–Port Coquitlam
“Housing is the foundation upon which individuals and families build their lives. This $25 million federal investment in Coquitlam supports our efforts to meet the diverse housing needs of our community, while also supporting a suite of initiatives aimed at enhancing our community’s growth.” – Richard Stewart, Mayor for the City of Coquitlam
Quick Facts:
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Today’s announcement was made by Ron McKinnon, Member of Parliament for Coquitlam–Port Coquitlam, — on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, — and Richard Stewart, Mayor for the City of Coquitlam.
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Launched in March 2023, the Housing Accelerator Fund (HAF) is a $4 billion initiative from the Government of Canada that will run until 2026-27.
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The Housing Accelerator Fund is part of Canada’s National Housing Strategy (NHS), an $82+ billion plan to give more Canadians a place to call home. Progress on programs and initiatives are updated quarterly at www.placetocallhome.ca. The Housing Funding Initiatives Map shows affordable housing projects that have been developed.
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As of September 30, 2023, the Government of Canada has committed over $38.89 billion to support the creation of almost 152,000 units and the repair of over 241,000 units. These measures prioritize those in greatest need, including seniors, Indigenous Peoples, people experiencing or at risk of homelessness, and women and children fleeing violence.
Associated Links:
SOURCE Government of Canada
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/09/c2873.html
NANAIMO, BC, Feb. 8, 2024 /CNW/ – Snuneymuxw First Nation has received more than $700,000 from the federal government to help build eight new homes and repair eight existing affordable ones.
La’lum’utul (which means ‘care for one another’) is an eight-unit building comprised of two wood-frame four-plexes currently under construction on-reserve at Warpath Rd. Snuneymuxw First Nation will own and operate the units, which will be rented at below market rates to First Nation members. This project is expected to be completed in 2024.
Funding will also go towards the renovation of eight existing homes on Snuneymuxw First Nation territory. The repairs are expected to be completed in May 2026.
Funding provided for these projects is as follows:
- $567,970 from the federal government, through the Affordable Housing Fund, towards the La’lum’utul housing project and repairs of the existing homes;
- $312,000 contribution of joint funding for the La’lum’utul housing project through the Canada Community Housing Initiative, which is part of the Canada – British Columbia Bilateral Agreement under the National Housing Strategy;
- $900,408 Community Housing Fund grant and $543,931 Cost Pressures Grant from the province, through BC Housing for the La’lum’utul housing project as well as annual operating funding of $220,168;
- Snuneymuxw First Nation provided the land for the La’lum’utul project, valued at $837,000, and a cash contribution of $131,955 cash contribution for the repairs of the existing homes.
Quotes:
“Indigenous communities in British Columbia deserve access to safe and affordable housing. Through the National Housing Co-Investment Fund the federal government is investing in both affordable new homes for Indigenous peoples to improve the quality of life for the people who need it most. These kinds of investments transform our communities and will give residents a true sense of belonging and a safe, secure, culturally appropriate place to call home.” – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities
“People want to have affordable housing options in their community, and we’re ensuring just that. Under our Homes for People action plan, we’re allowing people to remain in their communities connected to their families and their culture. Our government is proud to work alongside Snuneymuxw First Nation on this project and we will continue to work with Indigenous partners to build on- and off-reserve housing.” – Ravi Khalon, Minister of Housing
“We all want community members cared for, which is why we’re funding the new housing development, La’lum’utul – it means ‘care for one another’. Snuneymuxw First Nation is such a good partner for our BC government and we’re grateful to be working together.” – – Sheila Malcolmson, Member of the Legislative Assembly for Nanaimo
“Our partnership with the National Housing Co-Investment Fund represents an important step in addressing the urgent need for housing in our community. We are dedicated to identifying housing solutions that meet the needs of our members and breathe life into our way of being.” –Chief Mike Wyse, Snuneymuxw First Nation
Quick facts:
- Canada’s National Housing Strategy (NHS) is a 10-year, $82-plus billion plan that will give more Canadians a place to call home.
- The Affordable Housing Funding (AHF), previously the National Housing Co-Investment Fund is a $13.2 billion program under the (NHS) that 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 September 30, 2023, the Government of Canada has committed over $7.49 billion to support the creation of over 31,589 units and the repair of over 128,959 units through the Affordable Housing Fund.
- Through the Canada–British Columbia bilateral agreement the province delivers and cost-matches federal funds from the National Housing Strategy through the Canada Mortgage and Housing Corporation
- La’lum’utul is part of a $19-billion housing investment by the B.C. government. Since 2017, the province has more than 77,000 homes that have been completed or are underway, including more than 1,600 in Nanaimo.
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.
- To learn about B.C.’s new Homes for People action plan, visit: https://news.gov.bc.ca/releases/2023HOUS0019-000436
- To learn about the steps the Province is taking to tackle the housing crisis and deliver affordable homes for British Columbians, visit: https://strongerbc.gov.bc.ca/housing/
SOURCE Government of Canada
For further information: Contacts: Micaal Ahmed, Office of the Minister of Housing, Infrastructure and Communities, [email protected]; Canada Mortgage and Housing Corporation, [email protected]