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Feds, Quebec fund five social housing projects in Quebec City

Feds, Quebec fund five social housing projects in Quebec City

QUEBEC CITY — The federal government and the Government of Quebec have announced funding for five social housing projects with a total of 324 new units to be built on an accelerated timetable in Quebec City.

The projects were selected as part of the second call for projects under the Societe d’habitation du Quebec’s Programme d’habitation abordable Quebec, stated a release.

The largest, La Bouee, Habitations des Quatre-Bourgeois, will provide 159 units for families, individuals, women who are victims of violence, men experiencing hardships, refugees and students.

The projects are being funded through the Canada-Quebec Agreement under the Housing Accelerator Fund, to which the governments of Canada and Quebec have each contributed $900 million. The City of Quebec is also a financial partner in the projects, contributing the equivalent of at least 40 per cent of the base grant from the Societe d’habitation.

The governments of Canada and Quebec announced on Feb. 16 the rapid construction of 2,574 new housing units throughout the province as part of 47 selected projects, including those announced March 15. Developers must sign contractor agreements within 12 months of being selected to remain eligible for government funding.

“With a rental housing vacancy rate as low as 0.9 per cent, affordability challenges stemming from increasing rents, and housing starts that aren’t keeping pace with demand, the current housing situation is affecting the quality of life of too many households in our community, whether they’re younger or older, single people or families,” stated Quebec City Mayor Bruno Marchand in a statement. “Today, we’re taking a big step in the right direction and showing that housing should be a key issue for all orders of government.”

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