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SUDBURY, ONT. — The federal government has announced it is contributing $6.3 million in funding to help create 38 new affordable homes in Sudbury through the Rapid Housing Initiative (RHI) program.

The Sudbury Peace Tower Housing project, located at 87 Pearl St., will be a five-storey multi-use residential facility, stated a release. Tenants will come from the homeless, Indigenous and Black communities along with women and their children.

The project will also be used for administration, community activities and social service delivery. Completion of construction is expected by the winter of 2025.

The RHI provides funding for the expedited construction of new housing and the acquisition of existing buildings for the purpose of rehabilitation or conversion to permanent affordable housing units. The additional funding for the third round of the RHI will be divided into two streams: $1 billion through the Projects Stream and $500 million towards the Cities Stream.  

“Today’s announcement of 38 additional affordable one-bedroom units is demonstrative of our efforts to ensure that everyone in our city has access to safe, affordable housing and the vital services they need to thrive,” stated Sudbury Mayor Paul Lefebvre in a statement. “Together, with the city’s subsidy for these units, we are demonstrating the power of collaboration and our shared commitment to building a stronger, more inclusive city.”