The federal government announced a major investment in Toronto’s affordable homes on Friday morning. The government said it would offer more than $105M in contributions and low-cost loans through the Affordable Housing Fund (AHF) to help build and repair 5,235 affordable homes in the city. This is line with the broader purpose of the AHF, which is to provide funding through low-interest and/or forgivable loans or contributions to help build new affordable homes and renovate and repair existing, affordable, and community housing.

The announcement was made at Gower Park Place, a 164-unit apartment building located at 10 Gower Street in East York that provides affordable housing to low-income families, seniors, singles, persons with disabilities, and others in need.

On behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, the Honourable Gary Anandasangaree, Minister of Crown-Indigenous Relations, and Member of Parliament for Scarborough – Rouge Park, detailed the initiative. He highlighted how the federal funding would help to create a total of 206 new homes and lead to the repairs of 5,029 homes in Toronto. Minister Anandasangaree also announced $30M in funding for the Governing Council of the Salvation Army in Canada to repair 3,000 units across the country.