Ottawa and Quebec City announced on Monday in Laval that $407.5 million will be invested in affordable and social housing in Quebec over the next two years, $286.3 million coming from the federal government and $121.2 million from the provincial.
The promise of doubling the amount spent on affordable and social housing was in Bill Morneau’s latest federal budget.
More than half of the money announced by both levels of government ($242.4 million) will be devoted to improving the supply of affordable housing.
Another $94.5 million will go towards repairs and improvements in the energy efficiency of existing social housing stock.
A total of $48.4 million is slated for the construction, repair and adaptation of affordable housing for seniors, while the remaining $22.2 million will be allocated to the construction and renovation of shelters and halfway houses for victims of domestic violence.
The announcement was made by Minister of Families, Children and Social Development, Jean-Yves Duclos, who is also responsible for Canada Mortgage and Housing Corporation (CMHC), and Quebec’s Minister of Municipal Affairs, Martin Coiteux, in Laval where one of the first projects was unveiled.
The Laval project involves the reconstruction of 124 social housing units in the Val-Martin buildings, a project worth over $198 million.