Regina to Receive New Rapid Housing Initiative Funding
The City of Regina will receive federal funding to support the development of new affordable rental units under the third round of the Rapid Housing Initiative (RHI) Cities Stream, administered through Canada Mortgage and Housing Corporation (CMHC).
The RHI provides funding to facilitate the rapid construction of new permanent affordable housing units for people and populations who are vulnerable and prioritized under the National Housing Strategy.
“We are grateful to the Government of Canada to be chosen as one of 41 municipalities to receive this federal funding,” said Mayor Masters. “Addressing homelessness and housing insecurity requires the collaborative and collective efforts from all levels of government and the non-profit sector. The ongoing support from the federal government through the Rapid Housing Initiative will positively contribute to Regina in helping to build a better future for all our residents.”
This afternoon City Council approved Administration to enter into an agreement with CMHC to receive the RHI funding and to pursue next steps, which include securing a non-profit housing partner to lead the delivery and operation of the housing units, as well as securing a location.
The City will submit a proposal to CMHC by March 15, 2023. Upon approval, the project must be delivered and available for occupancy within 18 months which is anticipated to be late 2024.
Development and availability of affordable housing throughout our community ensures people from all walks and stages of life are able to choose where they live and enjoy safety, stability and opportunity.
The City is committed to open and regular communications with the community as the project progresses. Sign up for email updates on this project at Regina.ca/rapidhousing