Feds pledge $7.8M for affordable housing in Regina
REGINA -- The federal government announced a multi-million dollar investment in affordable housing in the Queen City on Wednesday.
Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) and Regina Mayor Sandra Masters announced $7.8 million in funding to create approximately 29 affordable homes in Regina, through the federal government’s Rapid Housing Initiative.
The government said the investment will support residents who are experiencing or at risk of homelessness, or who are living in temporary shelters because of the pandemic.
According to Masters, 2,000 people in the city experience or are at risk of homelessness every year.
Normally, the federal government partners with the province on housing projects but it said it believes the city can do it faster. It has challenged Regina to find a way to build the project in just over five months.
The only way to complete a large housing project by the end of the year may be conversion of an existing building. The city said the recently vacated YMCA is one structure under consideration.