THETFORD MINES, QC, THE Sep 20, 2024 /CNW/ – The Honourable Marie-Claude BibeauMinister of National Revenue and Member of Parliament for Compton—Stansteadas well as Isabelle Lecoursmember of parliament for Lotbinière-Frontenac and parliamentary assistant to the Minister of Education, are proud to announce that a 24-unit housing project has been selected as part of the second call for projects of the Affordable Housing Program in Quebec (PHAQ) of the Société d’habitation du Québec (SHQ).
Project details:
Government of Canada logo (CNW Group/Canada Mortgage and Housing Corporation (CMHC))
Government of Canada logo (CNW Group/Canada Mortgage and Housing Corporation (CMHC))
City : Thetford Mines
Project name: Logéa Thetford
File holder: Renaissance Development
Number of accommodations: 24
Clientele: Families
The contribution of the government of Canada will come from the Canada-Quebec Agreement on the Housing Acceleration Fund (FACL), through which Quebec received $900 million from the federal government. For its part, the Quebec government invested $900 million for housing projects during the November 2023 economic update. City of Thetford Mines is also an important financial partner in this project.
In the context of a housing crisis, governments in Canada and Quebec announced on February 16 that across Quebec, 2,574 new housing units will be able to be built quickly under the selection of 47 projects, including the one announced today. In order to ensure rapid construction of this project, its promoter must have entered into a contract with a contractor within twelve months of their selection to maintain its eligibility for the PHAQ.
Quotes:
“All Quebecers deserve to have a safe and affordable home. The Government of Canada is proud to participate in the creation of 24 new affordable housing units in Thetford Mines for the most vulnerable people through the Canada-Quebec Agreement on the Housing Acceleration Fund. This demonstrates our unwavering commitment to ensuring that no one is left behind.”
The Honourable Sean FraserMinister of Housing, Infrastructure and Communities
“Thanks to the historic agreement we signed with the government of Canadawe are able to announce the construction of additional housing within the framework of the PHAQ. This good news for Thetford Mines shows our strong commitment to increasing the construction of affordable housing throughout Quebec. All Quebecers deserve to have housing that meets their needs.”
France-Elaine DuranceauMinister responsible for Housing
“These new affordable housing units will provide seniors in the region with Thetford Mines a safe living environment designed according to their needs. This is another great example of collaboration between community leaders and our different levels of government.”
The Honourable Marie-Claude BibeauMinister of National Revenue and Member of Parliament for Compton–Stanstead
“Our fellow citizens can count on concrete actions from our government to tackle the housing crisis in our region. Today’s announcement is the result of concerted work. I salute our local partners and, of course, Le Renaissance Développement, which believes in the value of social and affordable housing as a vector for a better quality of life in our community.”
Isabelle Lecoursmember of parliament for Lotbinière-Frontenac and Parliamentary Assistant to the Minister of Education
“Considering that the vacancy rate is estimated at 0.3% in Thetford, it is imperative for the City of support actions aimed at offering our citizens new accommodation options. As elsewhere in Quebec, demand for affordable housing continues to increase. We are therefore particularly pleased to be able to contribute to the realization of the Logéa project.
Michel Verreaultdeputy mayor of the City of Thetford
“The Le Renaissance group is proud to announce the construction of the Logéa Thetford project, which will include 24 affordable housing units, with the participation of the SHQ, the CMHC and the city of Thetford. Having access to quality housing with a modest income has become an important issue. This project will allow local people to access comfortable housing without paying too much of their income, while contributing to the economic dynamism of the region. Developing affordable housing on an exceptional site is a way for us to live our values of kindness, vitality and surpassing ourselves.”
Vincent FauteuxPresident, The Renaissance Group
Highlights:
- In order to ensure the affordability of other housing, a period of maintenance of the latter will be required. It could be up to 35 years and the aid rates will be modulated according to the duration of the commitment. Rents may be indexed each year according to the fixing indices provided by the Administrative Housing Tribunal.
- The goal of the PHAQ is to mobilize all partners who can set up affordable housing projects. Those who can submit projects are cooperatives, non-profit organizations, housing offices and private sector companies. The PHAQ also aims to accelerate housing construction, which is why its standards stipulate that projects must be started within 12 months of their selection.
- Launched in March 2023, the FACL is a $4 billion initiative of the Government of Canadaincluding $900 million for Quebec. It aims to accelerate the construction of 100,000 additional residential units across the country.
- The Quebec government also announced new investments of $900 million as part of its fall 2023 economic update to accelerate housing construction.
- On December 11, 2023, the Quebec government announced a first wave of 14 projects from the 2e PHAQ call for projects totaling 999 housing units.
- Quebec is resolutely committed to continuing its efforts to accelerate the construction of residential units on Quebec territory, relying in particular on the Planning and Development Act and other provisions. In addition, the Government of Quebec will set up an interdepartmental project acceleration unit in collaboration with Quebec municipalities and will adopt new government guidelines on land use planning that include indicators related to housing construction, based on which municipalities will have to set targets. It intends to propose legislative amendments, currently being developed and subject to their adoption by the National Assembly, aimed at improving urban densification, facilitating the authorization of the construction of residential buildings and reducing the associated delays accordingly.
About Canada Mortgage and Housing Corporation
As the housing authority in CanadaCMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC’s goal is that by 2030, everyone in Canada has access to affordable housing. Canada will be able to afford housing that meets their needs. To learn more, follow us on TwitterInstagram, YouTube, LinkedIn and Facebook.
About the Quebec Housing Corporation
As a reference in housing, the SHQ’s mission is to meet the housing needs of Quebec citizens through its expertise and services to citizens. To do this, it offers affordable or low-rent housing and offers a range of assistance programs promoting residential construction and renovation, home adaptation and home ownership.
To learn more about its activities, visit www.habitation.gouv.qc.ca.
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SOURCE Canada Mortgage and Housing Corporation (CMHC)
Sources: Justine Vézina, Press Attaché to the Minister responsible for Housing, [email protected]; Micaal Ahmed, Office of the Minister of Housing, Infrastructure and Communities, [email protected]; For information: Media Relations, Société d’habitation du Québec, [email protected]; Media Relations, Canada Mortgage and Housing Corporation, [email protected]
