Joint Funding Announced To Support The Construction Of 118 Homes In Peel Region
MISSISSAUGA: The Government of Canada and the Regional Municipality of Peel have announced funding to support the construction of 118 homes in Peel Region. The federal government is providing over $23.8 million in funding through the National Housing Co-Investment Fund (NHCF) and the third round of the Rapid Housing Initiative (RHI), while the Regional Municipality of Peel is providing $21 million.
The announcement took place at the Clarkson Standard Support project, located at 1639 Lakeshore West in Mississauga.
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 multiresidential 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 in Mississauga. 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 24hour support line.
“Through the National Housing Strategy’s diverse programs, we are investing in affordable housing across the country. The 118 new homes announced today will greatly improve the quality of lives of their residents, while also having a positive impact on the wider community. This is our government’s National Housing Strategy at work.” - Sean Fraser,
Minister of Housing, Infrastructure and Communities.
“Everyone deserve a place to call home. That is why we are working with municipalities and local organizations to provide safe and affordable housing for our most vulnerable. Through the National Housing Strategy we are delivering results that address local needs, and build stronger communities here in Mississauga – Lakeshore, and across Canada.” - Charles Sousa, Member of Parliament for Mississauga – Lakeshore.
“Peel’s affordable housing crisis is at an inflection point, and the only way we can tackle it is through meaningful partnerships. That’s why I’m so encouraged by today’s announcement. The Federal Government’s continued investment in Peel residents and Indwell’s commitment to its mission will ensure that more people can get and keep the affordable, stable housing they need and deserve.” - Nando Iannicca, Regional Chair, Peel Region.
“This groundbreaking is a significant milestone in our ongoing commitment to housing affordability in Mississauga. We are grateful to our federal partners for this investment and we are one step closer to building a future where every individual who aspires to live in Mississauga can afford to do so.” - Chris Fonseca, Acting Mayor, City of Mississauga.
“This is an excellent project for the Federal Government’s Rapid Housing Initiative. We are in a housing crisis, and every level of government is stepping up to provide more deeply affordable housing. Indwell has been a strong community partner in Mississauga, first in Port Credit, then Streetsville, and now in Clarkson. I look forward to continuing the process to build more affordable housing with our government partners.” - Alvin Tedjo, Councillor Ward 2
“As Councillor for Ward 1 in the City of Mississauga, I am pleased to welcome the funding for Indwell Lakeshore Lofts in my ward.” - Stephen Dasko, Councillor Ward 1
“We are so pleased to partner with the Region of Peel and CMHC to make more supportive affordable housing available to all residents and address our homelessness crisis. Indwell is grateful to receive this generous funding for our third site — in Clarkson Village. We look forward to beginning construction soon so that together, we can continue to build more Hope and Homes here in Mississauga.“Jeff Neven, CEO, Indwell
• This announcement was made by Charles Sousa, Member of Parliament for Mississauga – Lakeshore, alongside Nando Iannicca, Chair of Peel Region, Chris Fonseca, Acting Mayor of Mississauga, Alvin Tedjo, Ward 2 Councillor and Stephen Dasko, Ward 1 Councillor.
• 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 is a program under the National Housing Strategy that gives priority to projects that help women and children fleeing family violence, seniors, Indigenous peoples, people living with disabilities, those with mental health or addiction issues, veterans, and young adults.