Peterborough receiving more units than any other community through national initiative
Peterborough-Kawartha – Today, Maryam Monsef, Member of Parliament for Peterborough-Kawartha, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced a $32.4 million financial commitment over three years (2019-2021) from the federal government to Habitat for Humanity Canada and its affiliate organizations across Canada.
Under this first year commitment, Habitat for Humanity Peterborough will receive up to $3,183,250 in funding for 35 new homes within its Leahy’s Lane project, a unique 41-unit condo building meeting universal design standards. This will be Habitat for Humanity Peterborough’s largest multi-residential build and will serve as a model that can be rolled out to other Habitats across the country.
“We need to build 2,000 affordable units in our City and County and we can do it in the next two years by working together,” said MP Monsef. “We have the expertise of leaders like the Habitat team and when we put forward applications to the National Housing Strategy, we succeed. Congratulations to Habitat and all the very best to the families and individuals who will soon have a place to call home.”
With this commitment by the NHCF, a pillar initiative of the National Housing Strategy (NHS), and the work of Habitat for Humanity and its affiliate organizations, approximately 405 new homes will be created and approximately 105 units will be repaired and renewed supporting lower income families in communities in every province and territory across Canada. These homes will meet NHCF accessibility and energy efficiency targets and will serve a range of vulnerable populations including single mothers, Indigenous peoples, people with disabilities and seniors.
In the first year of this NHCF commitment, funding is intended to be allocated across nine provinces and one territory in support of the creation of 135 new homes and the repair of approximately 56 existing homes.
Peterborough-Kawartha has now received more than $17 million in funding for housing including projects at The Mount Community Centre, Ontario Aboriginal Housing Services, YWCA’s Homeward Bound program and the Brock Mission. An additional 1,432 local families have also found housing through 635 renovated units and 797 units of subsidized rental costs in Peterborough-Kawartha.
“The demand for housing in Peterborough is extremely high and I am very happy to see the Leahy’s Lane project moving forward,” said Mayor Diane Therrien, City of Peterborough. ” Habitat Peterborough does great work and this innovative project will have an enormous positive impact for our community.”
The Habitat for Humanity model of affordable homeownership bridges a gap for people who face barriers to homeownership and would not otherwise qualify for a traditional mortgage. Local Habitat for Humanity organizations in every province and territory across Canada help build and rehabilitate decent and affordable homes, from single-family houses to multi-unit developments. With the help of volunteers and donors, Habitat helps families build their own homes and pay an affordable mortgage geared to their income. Safe, decent and affordable homeownership plays a critical role in helping families build a foundation for a life with better choices and more opportunities.
“We are entering into this innovative development with great enthusiasm and hope for the future of affordable homeownership in our community,” said Sarah Burke, CEO, Habitat for Humanity Peterborough & Kawartha Region. “Thanks to the support of the Government of Canada and CMHC this project will transform the lives of 41 households in Peterborough, building strength, stability, and self-reliance.”
- In 2019, funding is intended to support the creation of 135 new homes and the repair of approximately 56 existing homes with 35 of the new homes being funded at the 41-unit Leahy’s Lane project in Peterborough.
- The Leahy’s Lane project will have six one-bedroom units, 29 two-bedroom units, and six three-bedroom units.
- All units will be affordable, with a mixture of incomes from the very low $20,000s (or less), upwards to $50,000 depending on family size. This will allow Habitat to provide affordable housing for a wider variety of families and individuals, including seniors.
- The property will include trees, gardens, a small covered walkway with a bench and the building will have a party room/social lounge on the first floor.
- The property fronts on to Parkhill Road East and there is a bus stop right beside the property.
- The condo units will be well-built and energy-efficient, reducing the cost of utilities for families.
- The Government of Canada is currently rolling out its National Housing Strategy (NHS), an ambitious 10-year, $55 billion plan that will create 125,000 new housing units and lift 530,000 families out of housing need, as well as repair and renew more than 300,000 housing units and reduce chronic homelessness by 50 percent.
- With a budget of $13.2 billion, NHCF gives priority to projects that help those in greatest need, including women and children fleeing family violence, seniors, Indigenous Peoples, people with disabilities, those dealing with mental health and addictions, Veterans and young adults.
- Through the NHCF, the Government of Canada will work with partners to build up to 60,000 new affordable homes and repair up to 240,000 existing affordable and community homes over the next 10 years.
- Investments are also planned in the NHCF to create or repair at least 4,000 shelter spaces for victims of family violence and create at least 7,000 new affordable housing units for seniors and 2,400 new affordable housing units for people with developmental disabilities.
- Under the Investing in Canada plan, the Government of Canada is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
Additional Facts about Habitat for Humanity Peterborough & Kawartha Region
- Provided affordable homeownership to 37 families since 2002.
- Working on building our second home in partnership with Curve Lake First Nation and thus helping our 38th family into affordable homeownership.
- Built safe, decent, affordable homes in seven communities across Peterborough and the Kawartha Region, including: Warsaw, Norwood, Lindsay, Peterborough, Curve Lake, Lakefield, and Buckhorn.
- Almost 50% of the families we have provided affordable homeownership for are led by single mothers.
- 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. For more information, visit our website or follow us on Twitter, YouTube, LinkedIn, Instagram and Facebook.
- To find out more about the National Housing Strategy, visit placetocallhome.ca.