Government of Canada Invests in Renovations at Gatineau Affordable Housing Project
The Coopérative d’habitation Marie-Crevier is pleased that it now has the funding to complete necessary renovations and repairs. The total contribution received is just over $150 000, bettering the lives of the residents by creating a more adequate place to live. The funds have been allocated to re-shingling the roof, levelling the land and to the hiring of a project manager, to oversee the project.
Steven MacKinnon, Member of Parliament for Gatineau, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and the Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) made the announcement today.
“Investing in repairs and renovations of social housing projects is important to the Canadian Governement as it is a direct way to improve the quality of life of those who need it most. It also creates good jobs that help grow Gatineau’s economy. This investment is good news for the Coopérative d’habitation Marie-Crevier and for the community it serves.” – Steven MacKinnon, Member of Parliament for Gatineau.
- Budget 2016 provided close to $574 million over two years, starting in 2016-2017, through the 2016-2018 Social Infrastructure Fund, to support repairs and energy and water retrofits and renovation of existing social housing units. The majority of this funding is flowing through the provinces and territories.
- Of this funding, $77.6 million over two years is provided to social housing units directly administered by CMHC.
- A federal contribution of close to $12 million was made under the Reno/Retro 2016 initiative for social housing, administered by CMHC. The funding will support general repairs as well as renovations required for the health and safety of residents, and to address accessibility, vacancies as well as water and energy consumption.
CMHC has been helping Canadians meet their housing needs for more than 70 years. As Canada’s authority on housing, 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 Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC’s operations.