The Government of Canada announced it is investing over $78 million in the construction of 271-unit rental housing community in the Vanier neighbourhood of Ottawa. Mikinak Community, located at 715 Mikinak Road, will provide a mix of unit sizes with varying levels of affordability, including average market rent units and below-market rent units. The development will help benefit women and children, Indigenous peoples, and households on the Centralized Waiting List.
The initiative is receiving federal funding through the National Housing Co-Investment Fund (NHCF), a $13.2 billion dollar pillar of the National Housing Strategy, as well as the Federal Lands Initiative (FLI), a $200 million fund that supports the transfer of surplus federal lands and buildings to be used as affordable housing.
The FLI is a National Housing Strategy initiative delivered by Canada Mortgage and Housing Corporation (CMHC), Public Service and Procurement Canada (PSPC), Employment and Social Development Canada (ESDC), and Canada Lands Company. The project is also receiving over $2.6 million from the Ontario Priorities Housing Initiative (OPHI), which is a cost-shared program between Ontario and the Government of Canada aimed at creating new housing and increasing housing affordability.
“Through the National Housing Co-Investment Fund and Federal Lands Initiative, we are creating hundreds of new affordable housing units right here in Ottawa,” said Ahmed Hussen, Minister of Housing and Diversity and Inclusion.” Thanks to today’s announcement, more individuals and families in Ottawa will now have access to deeply affordable homes. This is another example of our government’s National Housing Strategy at work.”
“715 Mikinak is a prime example of OCHC’s collaborative approach to helping address Ottawa’s affordable housing needs,” added Stéphane Giguère, CEO of Ottawa Community Housing Corporation. “Through our innovative partnerships with the Government of Canada, CMHC, the Government of Ontario, the City of Ottawa, we’re providing 271 homes for individuals and families in need. We look forward to welcoming tenants to this modern, sustainable, and vibrant community.”
