Government of Canada (CNW Group/Canada Mortgage and Housing Corporation)
QUEBEC CITY, Jan. 21, 2021 /CNW/ - The Government of Canada, in collaboration with the Government of Quebec, is pleased to announce an agreement under the Rapid Housing Initiative (RHI) between Canada Mortgage and Housing Corporation (CMHC) and the City of Montréal.
As part of this agreement, $56.8 million in federal funding is being provided to the City of Montréal to support the rapid completion of 12 projects on its territory, representing 263 housing units. In addition to supporting the agreement between CMHC and the City of Montréal, the Government of Quebec is committed to funding the rent supplement for certain projects included in this announcement for 20 years. With this assistance, eligible renters will spend only 25% of their income on housing.