The three levels of government are investing a total of more than $74 million to build an additional 675 affordable housing units in Ottawa.
The federal and provincial governments are pitching in $54 million for the projects, while the City of Ottawa is contributing about $20 million.
The announcement came Tuesday at the official opening of a new affordable housing complex at 455 Via Verona Ave. built in partnership with the Multifaith Housing Initiative, a not-for-profit organization that provides low-cost housing. The $13-million development will provide 98 units that are a mix of apartments and townhomes, including 10 accessible units.
“These important investments will help our most vulnerable residents find a stable place they can call home,” Mayor Jim Watson said in a statement.
Other major projects being funded under the new investment include an $11.5-million, 158-unit complex at 811 Gladstone Ave., a 58-unit development at 567 Cambridge St. valued at $4.8 million and a 48-unit project at 1900 St. Joseph Blvd. worth $7.1 million.
The funding is part of the governments’ 10-year, $40-billion national housing strategy unveiled late last year. The plan aims to provide affordable housing for up to 530,000 Canadian households over the next decade and reduce chronic homelessness by 50 per cent.