Feds announce funding for 38 homes in Sault Ste. Marie
The federal government has announced more than $4 million in funding to build 38 homes in Sault Ste. Marie.
The projects are being funded through the federal Rapid Housing Initiative.
The new homes are part of three separate projects with a funding breakdown as follows:
- $2.4 million for eight homes at the Frontenac Street Townhouse Development; owned and operated by Batchewana First Nation.
- $1.3 million for the Sacred Heart project, a 22-home development located at 721 Wellington Street East; owned and operated by the Sault Ste. Marie Housing Corporation.
- $266,637 for eight homes for the Steelton Centre; owned and operated by the Sault Ste. Marie Housing Corporation.
The projects will support the housing needs of the most vulnerable from the community, especially women and their children.
“Safe and affordable housing is the cornerstone of a thriving community, and the City of Sault Ste. Marie is committed to ambitiously addressing the housing crisis by implementing policies aimed at increasing the local stock and advocating for funding from our government partners,” said Mayor Matthew Shoemaker.
Launched in 2020, the Rapid Housing Initiative is part of the Government of Canada’s $82-billion National Housing Strategy.
The initiative provides capital contributions to facilitate the rapid construction of new housing and/or acquisition of existing buildings for the purpose of rehabilitation or conversion to permanent affordable, supportive, or transitional housing.
The objective is to quickly create new permanent affordable housing units that support people who are vulnerable and prioritized under the National Housing Strategy.