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Manitoba Government announces investment in affordable housing



Manitoba Government announces investment in affordable housing
Manitoba Government announces investment

By: Winnipeg Tribune Staff Writer


Winnipeg, April 18, 2024 - Today, Housing, Addictions and Homelessness Minister Bernadette Smith unveiled a initiative aimed at tackling chronic homelessness and enhancing housing affordability across Manitoba. The plan, announced, outlines steps towards ensuring every Manitoban has access to a safe and affordable place to call home.


In her address, Minister Smith emphasized the government's commitment to prioritizing the needs of the most vulnerable members of society. "Our government's approach to housing will help Manitoba families and have a focus on those who need it most," stated Smith, highlighting the profound impact of the forthcoming measures.


This initiative allocates over $116 million in Budget 2024 for the construction and maintenance of social and affordable housing projects. This investment reflects the government's unwavering dedication to addressing the housing crisis gripping the province.


A key component of the budgetary allocation is the creation of 350 new units of social and affordable housing, in addition to the renovation and repair of 3,000 existing units, ensuring their continued availability to Manitobans in need.


Market Lands, spearheaded by Market Land Inc. in collaboration with Centre Venture and the University of Winnipeg Community Renewal Corporation 2.0, exemplifies the government's commitment to fostering partnerships and innovative solutions to address housing challenges.


The Market Lands development, which has received significant support from the provincial government. Through a forgivable loan of up to $1.8 million and rent supplement funding, the government is facilitating the construction of 95 units, with 48 designated for rent-geared-to-income tenants.


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