MP Charles Sousa announces over $23 million for affordable housing in Mississauga—Lakeshore
November 10, 2023
From L-R: Chris Fonseca, Acting Mayor; Alvin Tedjo, Ward 2 Councillor; Charles Sousa, Parliamentary Secretary to the Minister of Public Services and Procurement and Member of Parliament for Mississauga—Lakeshore; Jeff Neves, Indwell CEO; Stephen Dasko, Ward 1 Councillor; and Martin Reid, Ward 8 Councillor.
The announcement took place at the Clarkson Standard Support project, located at 1639 Lakeshore West in Clarkson Village. The project was selected under the third round of the Rapid Housing Initiative Cities Stream and benefitted from $19.7 million in federal funding. This multi-residential community will create 50 new affordable apartments for some of Mississauga's most vulnerable who face housing insecurity due to various barriers to stable, independent living including women, BIPOC, and those who live with mental health, addiction, and/or physical and mental disabilities. It will also include tenant amenity spaces designed to support health, wellness, and belonging. Walkable and transit oriented, the property is within proximity to high-frequency bus service, schools, parks, social services, and Clarkson BIA commercial corridor.
The second project announced today is the Lakeshore Lofts, located at 425 Lakeshore near Port Credit. This low-rise apartment building received $4.1 million in repayable loan from the National Housing Co-Investment Fund (NHCF) and $21 million in forgivable loan from the Regional Municipality of Peel. Lakeshore Lofts will offer 68 affordable units and a supportive housing model that will connect residents to health and wellness resources while creating a sense of belonging. The targeted population aims to serve people with physical disabilities, mental health challenges, substance abuse and addiction issues. The non-residential spaces in the building will be occupied by non-profit support and public-benefit agencies that align with the goals and objectives of the supportive housing programs. The areas will provide food security programs, offices for the social services, and retail spaces for social enterprise organizations pursuing job and skills training activities for vulnerable and general populations. While living independently, tenants also have access to a free in-house 24-hour support line.
Quick facts:
- The Government of Canada's National Housing Strategy (NHS) is an ambitious, 10-year plan that will invest over $82 billion to give more Canadians a place to call home.
- The National Housing Co-Investment Fund (NHCF) is a program under the National Housing Strategy (NHS) that gives priority to projects that help people who need it most, including women and children fleeing family violence, seniors, Indigenous peoples, people living with disabilities, those with mental health or addiction issues, veterans, and young adults.
- The Clarkson Standard Support project, located at 1639 Lakeshore in Mississauga was made possible by the Government of Canada's additional investment of $1.5 billion through RHI, bringing the program's total to $4 billion to support the country's most vulnerable.
- RHI provides funding to facilitate the rapid construction of new housing and the acquisition of existing buildings for the purpose of rehabilitation or conversion to permanent affordable housing units. The additional funding for the third round of RHI will be divided into two streams: $1 billion through the Projects Stream and $500 million towards the Cities Stream.
The third round of the Rapid Housing Initiative once again exceeded its initial target of creating at least 4,500 new affordable housing units for Canadians in severe housing need. It is expected that over 5,200 new units will be built across Canada.
- The total number of units created with the support of Rapid Housing Initiative is expected to be over 15,500 units.
Related links:
- Visit canada.ca/housing for the most requested Government of Canada housing information.
- As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC's aim is that everyone in Canada has a home they can afford and that meets their needs. For more information, please visit cmhc.ca or follow them on Twitter, Instagram, YouTube, LinkedIn and Facebook.
- To find out more about the National Housing Strategy, visit: www.placetocallhome.ca
- Check out the National Housing Strategy Housing Funding Initiatives Map to see affordable housing projects that have been developed across Canada.
