WHITEHORSE, YUKON--(Marketwired - July 14, 2016) - The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, and the Honourable Stacey Hassard, Minister of Yukon Housing Corporation, today announced measures to give Canadians greater access to more affordable housing, including the doubling of current funding under the Investment in Affordable Housing initiative, addressing high housing needs in the North, supporting affordable housing for seniors, building and renovating shelters and transition houses for victims of family violence, and addressing repairs and improving energy and water efficiency of existing social housing.
Federal Budget 2016 investments in affordable housing will provide targeted support to those who need it most, including in Yukon, and create good jobs that help grow Canada's economy in a clean and sustainable way. The federal and territorial governments will work together to quickly deliver the new funding.
Quotes
"All Canadians need and deserve housing that is safe, adequate and affordable. Through new investments in housing, the Government is helping to strengthen the economy and improve the quality of life for Canadians, providing better places to live and grow." - The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation
"This additional funding will support the delivery of a number of housing programs and projects that have been initiated by our government. These programs focus on helping those most in need and contribute significantly to improving the quality of life for Yukoners." - The Honourable Stacey Hassard, Minister responsible for Yukon Housing Corporation.
Quick Facts
Through the IAH, the Government of Canada is also providing to Yukon over two years:
As the need for affordable housing is also particularly high in the North, the Government of Canada is providing an additional $8 million over two years to address urgent housing needs in Yukon.
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BACKGROUNDER
Investments in Affordable Housing in Canada
Measures over the next two years to give Canadians greater access to more affordable housing include:
Doubling of the current IAH funding levels by the Government of Canada and provinces and territories, to more than $1 billion over two years, starting in 2016-2017 and 2017-2018.
Through the IAH, the Government of Canada is also providing over two years:
To support $573.9 million for retrofits and renovations of social housing units in Canada, at least $485 million is also provided through the IAH and $82.7 million is delivered by the Government of Canada, through Canada Mortgage and Housing Corporation.
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