Canada government introduces Canada Housing Benefit in 10-year national housing strategy
Ottawa, Nov 23 (IBNS): The federal government in Canada has introduced the Canada Housing Benefit in the 10-year national housing strategy, media reports said.
The liberals stated the Canadians would get a rental benefit from the Canada Housing Benefit. The residents will get a subsidy of $2,500 annually which will start from 2020 and end in 2028.
The total cost of the programme will be $4 billion.
The liberals stated half of the $4 billion will be spent by the provinces and territories while the other half will be provided by the federal government. The total cost of $4 billion will be spent between 2020 and 2028.
The government said the Canada Housing Benefit programme will help around 300,000 households by 2028.
While announcing the 10-year national housing strategy, Prime Minister Justin Trudeau said: "(It is a) new, innovative plan that re-establishes the role the federal government must play in housing."
"Housing rights are human rights, everyone deserves a safe and affordable place to call home," the PM was quoted by media.
The plan even aims to provide different benefits like provide homes to homeless and make or repair houses over the next 10 years.
Majority of the fundings for the whole 10-year plan were announced in the budget 2017.
The Canada Housing Budget is the only programme in the 10-year plan which was not announced in the last year's budget.
(Reporting by Suman Das)
Image: twitter.com/@CanadianPM
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