On May 24, Mississippi sent a letter to Sonia Lebel, Quebec’s Treasury Board President and Canadian Relations Minister, asking Ottawa to agree with Ottawa on the 2018 National Co – Investment Fund for Housing (FNCIL) parameters.
Four years later, the two governments are still negotiating “basic templates” that will regulate funding, which will come from the federal government’s treasury, but will be spent on housing, which is a regional jurisdiction. Many social housing projects that have already been funded have been affected.
” The burden of these delays is high and their effects unfortunately threaten the feasibility as well as the feasibility of some projects in the short term. ⁇
According to the Plante Administration, projects to build 1,207 social housing units and renovate 4,700 units in the city have not yet received funding. FNCIL And could not see the light because of the endless negotiations between Quebec and Ottawa.
Therefore, projects that need to provide the first cohort to 383 low-income Montreal homes without receiving these templates soon will not receive funding from it. FNCIL
Questioned the mayor.
Valerie Plante said the situation could have a significant impact on the financial status of some social housing projects. Unfortunately, delays that have already occurred have consequences on the affordability level of projects and, as a result, for example, high rents and financing costs.
Montreal is calling for a speedy processing mechanism between the two governments as well as for some projects currently in need of green light from Quebec to gain access to federal funds.
” In the early hours of July 1 and in the wake of the housing crisis, it is important to resolve the situation quickly. ⁇
Called to comment on a letter received by Radio-Canada, Benoit Doris, vice chairman of the city’s executive committee, did not hide his anger and described the situation as surreal and rebellious. He could not understand why Quebec and Ottawa could not agree on a process to expedite funding.
Let’s release the money. We need to find a mechanism to get money into companies quickly and then unblock it. After that they agree with the commas
He says. People do not want to know who is right and who is wrong. Want to know where the money is coming from.
Benoit Doris argues that delays increase construction costs, especially in the current inflationary climate, when tenants complete the bill. If the money does not come to land, companies will have no choice, housing will be more expensive.
General arousal
The National Housing Co-Investment Fund has a budget of $ 13.2 billion over 10 years in loans and grants to build 60,000 homes and renovate 240,000 units nationwide.
Outside Quebec, the funds are managed by the Canada Mortgage and Housing Corporation. But in the province, public bodies and projects funded by Quebec more than 50% must be approved by the provincial government. FNCIL.
Quebec’s Association of Technical Resource Groups has identified 12 social housing projects in the province for which it is “imperative” that the Council of Ministers approve a decree allowing them to get their hands on federal funds. She fears the orders will not be passed before the October 3 provincial elections.
The organization also helps organizations and cooperatives manage their housing projects.
” What we want is for Quebec to no longer settle into pieces and we need a comprehensive solution. ⁇
Social Economy manages a number of projects based on funding from the enterprise FNCIL, Including the conversion of the Maison des Sawyers de Saint-On in Lachin borough. If the 270 social housing project for seniors does not receive federal funding, its costs will increase.
The group leading the project should find other grants or borrow. We raise subsidies again, and then we run out of subsidies, or the rents we make after that, and we don’t want it
Said Edith Syr.
About The Author
More Stories
How List Acquisition Helps Your Political Campaign Become Successful
Four escaped cows were caught
A simple administrative decision? | Press