October 27, 2020, Anja Kundacina
Prime minister Justin Trudeau announced $500 million to build affordable homes across Canada as part of a Rapid Housing Initiative, and Toronto is getting 40.67% of it.
The goal will be to create 3,000 housing units across the country, and that the money is being given to areas with the highest numbers of renters and the most homelessness.
“By making smart and substantial investments in affordable housing and providing funding directly to municipalities,” Trudeau said in a statement, “we’re creating jobs, strengthening our communities across the country, and helping the most vulnerable.”
The money must be given out by next March, and the housing must be built by March 2022.
Toronto Just Got More Than $200 Million To Build Apartments You Can Actually Afford
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