Justin Trudeau Investing $1.3 Billion Into 58,000 Affordable Homes In Toronto
Justin Trudeau investing $1.3 billion into 58,000 affordable homes in Toronto.
The federal government made a major announcement today that will affect Torontonians. Justin Trudeau is now investing $1.3 billion into 58,000 affordable homes in Toronto. The prime minister revealed the news today on Friday, April 5, during a visit to the GTA. He was joined by Toronto mayor John Tory for his housing announcement in Scarborough.
The federal government is planning for its $1.3 billion investment to result in over 58,000 affordable housing units being renovated in Toronto. This is said by the federal government in their news statement to be a historic investment – "the largest federal housing investment with a municipal partner in Canadian history".
The affordable housing upgrades are set to begin very soon. The government hopes to improve living conditions for Torontonians with the new investment. "The renovations, scheduled to begin in spring 2019, will ensure that these units remain available to those who need an affordable place to live, while improving living conditions, safety, accessibility, and comfort for tenants, and making the units more energy efficient," reads the news statement.
Check out a photo of mayor John Tory and prime minister Justin Trudeau announcing the investment below.
Joining Prime Minister @JustinTrudeau & Minister @JYDuclos in Scarborough to announce a new $1.3 billion partnership with the City of Toronto – the largest federal housing investment with a municipal partner in Canadian history – to repair & improve our social housing. pic.twitter.com/WpvLDY0QXD— John Tory (@JohnTory) April 5, 2019
The prime minister encountered some setbacks while trying to announce the news. Protesters yelled over Trudeau as he spoke, delaying the press conference in Scarborough by almost one hour, according to CBC News.
Many people on the Internet did not react super well either. Check out what some had to say in response to the housing announcement.
lol more than that is needed— OZZY F (@ozzylaab) April 5, 2019
yup their you go again stealing another billion from the people with more bs where is the billion coming from ? carbon tax ????— janice watkins (@lovemedo7) April 5, 2019
Is this being funded by @SNCLavalin? Just asking for a friend.— Naoto Yuki (@naotoyuki) April 5, 2019
All you have is other people's money and name calling now. You've even lost the media party which was generally on your side. And you did it to yourselves.— JR (@arjendre) April 5, 2019
The federal government should never have stopped funding affordable housing in the first place. We are decades behind. This is a good start, but doesn't even fully cover repairs, let alone desperately needed expansion.— Mitchell Gosse (@GosseMitchell) April 5, 2019
"All parents want to give their children the best possible start in life, and that starts with making sure they have a safe and comfortable home," said Justin Trudeau in the news statement.
"Today’s announcement is about investing in the people of Toronto, and giving them the opportunity they deserve to build bright futures for themselves, their families, and their communities."
The federal government's new investment into affordable housing for Toronto is part of the CMHC’s $13.2 billion National Housing Co-Investment Fund.