Ottawa to invest $92 million to build housing in Quebec

Photo: Ryan Remiorz Archives The Canadian Press Last year, Justin Trudeau and François Legault announced that Canada would provide Quebec with a total contribution of $900 million for housing construction. Quebec then matched the federal aid.

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The federal government will invest $92 million for housing construction in Quebec, Le Devoir has learned 60~/i>. This amount is the subject of a second agreement between Ottawa and Quebec under the Federal Housing Acceleration Fund (FACL).

The Minister of Public Services and Procurement and Quebec’s political lieutenant, Jean-Yves Duclos, will make the announcement at 11 a.m. in Ottawa.

The federal government had announced a $400 million increase to the FACL in its federal budget this year. Quebec will receive nearly a quarter of this increase.

This $400 million supplement should help accelerate the construction of 12,000 additional housing units across the country over the next three years.

Last year, Prime Minister Justin Trudeau and Quebec Premier François Legault announced that Canada would provide Quebec with a total contribution of $900 million for housing construction. Quebec then matched the federal aid, for a total of $1.8 billion over five years.

Conservative Leader Pierre Poilievre has already said that he would abolish the program if he became premier, and that he would use his budgets to finance his plan to eliminate the federal sales tax on new homes under $1 million.

More details to follow.