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. 

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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. 

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Check out a photo of mayor John Tory and prime minister Justin Trudeau announcing the investment below. 

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.

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Many people on the Internet did not react super well either. Check out what some had to say in response to the housing announcement.

"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. 

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