Regional council approves $15M affordable housing plan
Posted Sep 28, 2023 05:48:31 AM.
Last Updated Sep 29, 2023 11:08:14 AM.
Region of Waterloo council has given the final stamp of approval on a $15-million plan for affordable housing over the next two years.
It’s how the region will spend $15.6-million from the Canada-Ontario Community Housing Initiative, and the Ontario Priorities Housing Initiative, in 2024 and 2025.
A statement from the region said the plan focuses on creating more affordable and community housing for those living with homelessness, or facing barriers to getting and keeping housing.
It will also focus on keeping current affordable housing in good repair, and preventing it from becoming higher-cost housing.
The plan will develop a broader range of housing options, and expand supports to help people find that housing.
The plan was discussed and debated at a previous committee meeting, and approved at the council level, Wednesday night.