Federal government gives $31.8 million to Vancouver to build 65 new affordable homes to combat homelessness

The federal government announced today that it is going to give an additional $31.8 million to the City of Vancouver that will specifically “create an estimated 65 new affordable homes for individuals and families in Vancouver through the Cities Stream under expanded Rapid Housing Initiative (RHI).”

This $31.8 million is in addition to the $51.5 million that was given during the first phase of the Rapid Housing Initiative.

According to a press release, these housing units will support Canadians who are in uncertain housing situations, experiencing or at risk of homelessness, or living in temporary shelters because of the pandemic.

This new investment will “create thousands of good jobs in the housing and construction sector, grow the middle class, and build back stronger communities, while getting us closer to our goal of eliminating chronic homelessness in Canada,” said the release.

“Every Canadian deserves a safe and affordable place to call home. Today’s funding through the Rapid Housing Initiative will go a long way to support those who need it most by quickly providing approximately 65 new affordable homes for vulnerable individuals and families in Vancouver to keep them safe,” said The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation.” This is one of the ways our National Housing Strategy continues to ensure no one is left behind.”

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