Based on what the Canada Mortgage and Housing Corporation said, the initial social housing units for the elderly and families who are less privileged or low-income earners are to profit from an investment of $12 million investment that was funded by the federal government.
The minister in charge of CMHC, Jean-Yves Duclos said in Edmonton earlier o that approximately 1,000 units will be renovated, refurbished and repaired with the assistance of the Reno/Retro initiative that was made last year.
Jean-Yves Duclos made a statement saying; “Our Government is investing in repairs and retrofits of social housing projects to improve the quality of life for those who need it most – low-income households, seniors, among others – and create good jobs that help grow Canada’s economy and Canada’s middle class in a clean and sustainable way. These investments are a transitional measure to address immediate and pressing problems in the short term while we take the time to develop new approaches for the future.”
Cooperative and non-profit housing projects that is overseen by CMHC are receiving funding. In areas like Alberta, Quebec, Prince Edward Island and Ontario, about forty-six projected located in those province will undergo retrofit work as well as housing unit renovation.