The federal government pledged to build about 260 new homes in Toronto on Friday morning.
Eighty-six will be set at “affordable rates,” the government said.
The announcement, made by Federal Minister for Housing and Diversity and Inclusion Ahmed Hussen, along with Davenport MP Julie Dzerowicz, Etobicoke-Lakeshore MP James Maloney, Toronto Mayor John Tory, and Lieutenant of Mayor Ana Bailão, is part of an estimated $ 105.5 million commitment made by the government in conjunction with the Federal Rapid Housing Initiative (RHI).
“These new homes will provide stability and security to their residents and are another way our National Housing Strategy ensures no one is left behind,” Hussen told a news conference on Friday.
The houses will be built in seven different locations of the project, which include:
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136 Kingston Road, ($ 9.5 million)
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525 Markham Road, ($ 26.6 million)
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25 Augusta Avenue, ($ 12.5 million)
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60 Bowden Street, ($ 19.8 million)
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150 Eighth Street, ($ 31 million)
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1120 Ossington Avenue, ($ 4.5 million)
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1080 Queen Street East, ($ 1.6 million)
The government said the units are expected to be built within 12 months of funding, “with a few exceptions”.
The RHI is a $ 2.5 billion program under the federal government’s National Housing Strategy (NHS) acquired in an effort to “help address the urgent housing needs of vulnerable Canadians through the rapid construction of more than 10,000 affordable housing units. “