The Quebec government announced a partnership with the federal government that will see roughly $3.7 billion invested into improving the province’s housing conditions over 10 years.
In a press release, the federal government stated that the Canada-Quebec Housing Agreement covers the period from April 1, 2018, to March 31, 2028. The agreement commits a total of $1.84 billion in federal funds. Quebec is also expected to match the cash injection.
“We want to ensure that every Quebecer has a safe and affordable place to call home. Long-term, predictable funding has been expected for more than 10 years,” said Federal Families Minister Ahmed Hussen.
The agreement breaks down into three components: Quebec’s Priorities, Canada Community Housing Initiative and Canada Housing Benefit. Quebec’s Priorities, which funds the construction of affordable housing projects, is receiving $272.25 million.
The bulk of the federal government’s investment goes to the Canada Community Housing Initiative with $1.12 billion aimed at preserving the joint social housing stock. The money will be used to renovate Quebec’s low-income housing, or Habitation à Loyer Modéré (HLM).
Lastly, Canada Housing Benefit receives $454.3 million for direct assistance to individuals. According to the press release, it will help improve the Housing Allowance program of the Société d’habitation du Québec (SHQ).
Municipal Affairs and Housing Minister Andrée Laforest said the agreement is part of a long-term effort. The initiative will benefit all Quebecers in all regions of Quebec, she continued, while being a real driver for improving their quality of life.
Housing rights organization unimpressed with latest government initiative
By Michael Boriero - Local Journalism Initiative Reporter
