EDMONTON, Alta., October 3, 2022 /CNW/ – Thanks to investments by the governments of Canada and in Alberta, 24 affordable rental-to-own units will soon be available.
Today, the Honorable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, the Honorable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance and Member of Parliament for Edmonton Centre, alongside Josephine Pon, Alberta Minister of Seniors and Housing announced the construction of 24 new affordable rental and rent-to-own units for members of the Paul First Nation.
Under the Canada-Alberta Bilateral Agreement under the National Housing Strategy, the project received approximately $3 million for the construction of 24 dwellings. Government of Alberta funding is provided through the Indigenous Housing Capital Program (IHCP), which helps Indigenous governments and communities build affordable off-reserve, off-settlement and on-settlement housing. The project will create about fifty jobs.
Supporting community projects like the Paul First Nation’s rent-to-own initiative is a key action under Alberta’s Stronger Foundations Affordable Housing Strategy and responds to the recommendations of the review panel of affordable housing by 2020.
The IHCP ensures a flexible and self-directed approach and encourages public and private developers to partner with Indigenous governments and organizations. The government accepts IHCP applications on a rolling basis and is available at alberta.ca/ihcp.
“Every Canadian deserves a safe and affordable place to call home. Our government is working closely with Indigenous communities to meet their housing needs. That’s why we invest in innovative affordable housing projects like this, because it creates healthier, more vibrant communities. one of the ways our government’s National Housing Strategy continues to ensure that no one is left behind. »–The Honorable Ahmed Hussen, Minister of Housing and Diversity and Inclusion
“Our government is committed to supporting affordable housing projects in partnership with Indigenous communities across the province. From rapid housing initiatives to rent-to-own programs like today’s announcement with Paul Band First Nation, we use a whole-of-government approach to increase access to safe and affordable housing. These ongoing investments are our government’s commitment to building a housing market that works for everyone while continuing on the path of reconciliation with First Nations, Inuit and Métis peoples. »
– The Honorable Randy BoissonnaultMinister of Tourism and Associate Minister of Finance and Member of Parliament for Edmonton Center
“For the first time, a housing project funded through our Aboriginal Housing Capital Program is offering tenants a rent-to-own option. The Paul First Nation project reflects the flexibility of this program, and we are proud to support this new housing and the promise to make home ownership a reality for some. Paul’s Band members.” – Josephine PonMinister of Seniors and Housing
“The availability of affordable and accessible off-reserve housing is important. These 24 IHCP-supported housing units for Paul First Nation provide equitable access and needed supports in urban areas. It’s a great development and I hope the success continues. – Rick WilsonMinister of Indigenous Relations
“As Chief and Council of the Paul First Nation, it is our responsibility to meet the needs of our members on and off reserve. The rent-to-own model is a housing alternative for our off-reserve members that supports a sustainable future with all the resources made available for a better life. We are honored and grateful to have the support of the provincial government, the federal government and the City of Edmonton who have come together and united our efforts, I believe that we are well on the way to not only a brighter today, but also to a future that offers opportunities for change.” – Chief Arthur RainPaul First Nation
“I am thrilled to see all levels of government working together to provide these 24 affordable housing units in our city. Each affordable housing provided is a step in the right direction and this Indigenous-led housing will make a difference in the lives of families and seniors in Paul First Nation. – Amarjeet Sohi, Mayor, City of Edmonton
- The governments of Alberta and Canada will provide joint funding of $3 million under the National Housing Strategy Bilateral Agreement for the Project.
- Paul First Nation is working with CMHC to secure up to $4.5 million via the National Housing Co-Investment Fund for the project and $250,000 in seed funding.
- The City of Edmonton provides a $1.5 million to agree.
- The Paul Band Property Management Corporation will contribute a minimum of $685,000approximately 10% of the total project cost, to cover its contribution to the total investment costs.
- Federal funding for the IHCP is provided through the 10-year Bilateral Housing Agreement between the Government of Canada and the Government of Alberta, announced in the spring of 2019.
- Stronger foundations: Alberta’s 10-year plan to improve and expand affordable housing reflects advice from the Affordable Housing Review Committee to redefine the role of government, leverage community expertise, expand partnerships and simplify the system.
- Alberta Seniors and Housing’s 2022 Capital Plan allocates $281 million over three years to provide 2,300 new and renovated affordable housing units while supporting over 2,000 jobs.
- from Canada The National Housing Strategy (NHS) is a 10-year strategy, $72over $1 billion that will provide more Canadians with a place to call home.
- The NHS is built on strong partnerships between federal, provincial and territorial governments and ongoing engagement with others, including municipalities, Indigenous governments and organizations, and the social and private housing sectors. This includes consultations with Canadians from all walks of life and people in housing need.
- All NHS investments made by federal, provincial and territorial governments will adhere to key NHS principles that support partnerships, people and communities.
- As from Canada As the authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support to Canadians in need, and offers impartial housing research and advice to all levels of Canadian government, consumers and the housing industry. For more information, please visit cmhc.ca or follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.
- To find out more about NHS, visit placetocallhome.ca.
- Alberta Seniors and Housing promotes the development of affordable housing and supports access to housing options for Albertans most in need. The ministry works with seniors, their families and caregivers, Albertans who need housing support, as well as communities and other government partners. A more detailed description of the ministry and its programs and initiatives can be found at alberta.ca/ministry-seniors-housing.aspx.
SOURCE Canada Mortgage and Housing Corporation
For further information: Media enquiries: Arevig Afarian, [email protected], Office of the Minister of Housing and Diversity and Inclusion; Media Relations: [email protected]Canada Mortgage and Housing Corporation: Dylan Topal, [email protected]780-886-2912, Press Officer, Seniors and Housing