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/CNW/ - Every Canadian deserves a safe and affordable place to call home. Since the start of the pandemic, COVID-19 has increased the need for affordable.
Author of the article: Kristine Jean
Publishing date: Apr 30, 2021 • 1 day ago • 3 minute read • Folkstone Manor, Stony Plain s first affordable housing facility for seniors and emerging seniors 55+, is nearing completion and is now accepting applications for anticipated summer move-ins. Both the provincial and federal governments have recently committed additional funding for affordable housing. Photo by Kristine Jean /jpg, SP
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Both the federal and provincial governments recently announced funding for affordable housing.
In the Canadian government’s first budget in two years April 19, deputy Prime Minister and Minister of Finance, Chrystia Freeland announced that Budget 2021 includes an additional $2.5 billion over seven years for affordable housing. It will also reallocate $1.3 billion in existing funding to speed up the construction, repair, or support of 35,000 affordable housing units.