Housing On-Reserve in Alberta Will Improve due to CEAP
Tags: canada mortgage and housing, canada mortgage and housing corporation, ceap, cmhc, economic action, economic stimulus, first nation, government of canada, nation communities, professional contractors, social housing, sustainable work, work relationships
The Government of Canada has announced today an investment of $3.7 million, as part of Canada’s Economic Action Plan (CEAP) will be used towards improving housing conditions for the Piikani Nation Community.
Through CEAP, the Government of Canada has committed $400 million over a period of 2 years to help First Nation communities build new housing, repair and remediate existing non-profit housing for their members. They are also complementing housing programs offered by Canada Mortgage and Housing Corporation (CMHC) and Indian and Northern Affairs Canada (INAC).
This investment will also be providing economic stimulus for many First Nations and its surrounding areas by creating much needed jobs.
There were a large number of application calls for new funding initiatives under CEAP. Due to the numbers generated, both CMHC and INAC will be able to allocate the full $200 million available this year.
The funding that has been announced today, CMHC will be allocating more than $853,000 to retrofit 41 social housing units, and INCA will allocate $2.9 million over the next two years toward various housing initiatives, such as renovations and conversion to market based housing, for the Piikani Nation.
There are federal funding sources being leveraged to assist the Piikani Nation in skills development for the overall maintenance of its housing program.
There will be around $50 million in federal investments made through the CEAP. This will be made available to First Nations in Alberta to address immediate housing needs and to assist the transition of market-based housing.
The CEAP is definitely doing its part into assisting the Piikani Nation, by helping establish long term and sustainable work relationships with professional contractors and suppliers. Not to mention the training and employing of up to 35 Piikani Nation members.
This project will be among the many that will take place in the next two years to further her First Nation communities.
Glen Chapman
Broker of Record with Club “100″ GMAC Real Estate
www.club100realestate.com
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