MISSISSAUGA, ONT. — The federal and provincial governments are spending over $44 million to create 298 more affordable housing units in Peel Region through the Canada-Ontario Investment in Affordable Housing (IAH) agreement.
The Region of Peel Affordable Rental Housing Project will be part of the 23-acre Mississauga City Centre neighbourhood and feature pedestrian-friendly pathways, a community park and public art. The Region of Peel also contributed more than $66 million to these projects.
The announcement was made at an official groundbreaking for The Daniels Corporation’s affordable housing development in Mississauga which will provide 174 units of affordable rental housing, including 154 units funded by the IAH program.
“The need for affordable housing in Peel continues to grow, making it a priority of Region of Peel Council to increase affordable housing for Peel residents,” said Frank Dale, chair of the Region of Peel, in a statement.
“This new development and other investments in Peel are examples of strategies we identified in the Region’s new long-term housing and homelessness plan, ‘Home for All,’ which support our long-term outcomes that affordable housing is available to all residents and homelessness is prevented.
“The Region looks forward to ongoing partnerships with the federal and provincial governments, our local municipalities, the private sector and the community to increase affordable housing and create safe and connected communities.”
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