Surrey secures $13.8 million from federal government for affordable homes

AHMED Hussen, federal Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), Randeep Sarai, MP for Surrey Centre, and Doug McCallum, Mayor of Surrey, on Wednesday announced $13.8 million to create an estimated 28 new affordable homes for individuals and families in Surrey through the Cities Stream under expanded Rapid Housing Initiative (RHI).

These housing units will support Canadians who are in uncertain housing situations, experiencing or at risk of homelessness, or living in temporary shelters because of the pandemic.

This is in addition to the Government of Canada’s previous investment of $16.4 million through the first phase of the Rapid Housing Initiative to support the creation of 44 housing units in Surrey.

In its initial round, with funding of $1 billion announced in October 2020, the RHI exceeded its original target of 3,000 permanent affordable housing units and achieved 4,700 units nationally. Due to this success, an additional $1.5 billion for the Rapid Housing Initiative (RHI) was recently announced to create 4,500 new units of permanent affordable housing across the country. Thanks to this expansion, this initiative will now create over 9,200 affordable homes for the most vulnerable Canadians across the country.

This new investment will create thousands of good jobs in the housing and construction sector, grow the middle class, and build back stronger communities, while getting the government closer to our its of eliminating chronic homelessness in Canada.

Hussen said: “Every Canadian deserves a safe and affordable place to call home. Today’s funding through the Rapid Housing Initiative will go a long way to support those who need it most by quickly providing nearly 28 new affordable homes for vulnerable individuals and families in Surrey to keep them safe. This is one of the ways our National Housing Strategy continues to ensure no one is left behind.”
Sarai said: “We have seen how COVID-19 has worsened existing housing and homelessness challenges and without urgent action by the Government of Canada, the pandemic could lead to a dramatic increase in homelessness. Creating housing rapidly to address this housing crisis is a priority for our Government. This new funding is part of our commitment to addressing severe housing needs across the country. It will provide immediate support to create safe and stable housing to thousands of vulnerable individuals and families.”
McCallum said: “Everyone deserves a roof over their head and a safe place to call home. Today’s announcement of additional funding through the Rapid Housing Initiative will have a huge impact on our most vulnerable citizens who are experiencing homelessness or are at risk of being homeless. The availability of affordable housing is scarce in our region. These new homes will make a difference in ending the cycle of homelessness. I would like to thank the federal government for their ongoing support and commitment to creating affordable housing for our most vulnerable individuals and families.”