The Federal Government and the City of Regina teamed up to announce $6.6 million in funding to create at least 25 new affordable housing units in Regina.
The investment is a part of the Government of Canada’s additional $1.5 billion investment into the Rapid Housing Initiative.
The 25 units are an expected 4,500 affordable housing units for Canadians, with 25% of investments going toward women-focused housing projects.
Ahmed Hussen, Minister of Housing and Diversity and Inclusion, said the investment comes because everyone deserves a safe and affordable place to call home.
“Through the Rapid Housing Initiative, we are quickly providing new affordable housing units for people who need them most, right across Canada,” he said. “By working closely with our partners to create more affordable housing that meets the needs of Canadians, our government is continuing to deliver meaningful results for Canadians.”
“This is one of the many ways our National Housing Strategy continues to ensure no one is left behind,” he added.
Mayor Sandra Masters said the funding would help support Regina’s need for additional affordable housing units.
“Addressing housing insecurity requires a collaborative effort from all levels of government and the non-profit sector. Developing new housing will improve our residents’ safety and well-being and increase community vibrancy.”
She added that they are grateful to be selected as one of 41 recipients to receive this funding.
In 2021, the City received $7.75 million under the federal government’s Rapid Housing Initiative (RHI) capital funding stream to deliver a minimum of 29 new affordable housing units.