Church Partnership to Help Create up to 5,000 Affordable Homes
Investments made by the Government of Canada and a partnership with the Toronto, Ont.-based United Church of Canada, means that up to 5,000 new affordable housing units will be built around the country over the next 15 years.
The federal government Affordable Housing Innovation Fund is providing the United Church of Canada’s newly formed United Property Resource Corporation (UPRC), with a $20 million line of credit to be accessed for pre-development and pre-construction costs as the UPRC builds affordable housing across Canada.
The UPRC will develop over 200 strategic sites in the United Church of Canada’s land inventory. More than 30 projects are currently under development by the UPRC, with a minimum of LEED Gold Certification or equivalent to be pursued for each project.
At least 10 per cent of units in a project will meet or exceed minimum local building code requirements for accessibility.