Mr. Speaker, my riding of Davenport will be home to one of the new modular housing initiatives being built across Toronto through a partnership between the City of Toronto and the federal government, with the goal of providing stable, affordable, high-quality housing and support services to individuals experiencing homelessness in Toronto.
The modular housing initiative will quickly create 100 modular homes by September 2020 and an additional 150 by spring 2021. At a total cost of almost $50 million, 40% will be supported by CMHC's affordable housing innovation fund. This project is a truly rapid, innovative and cost-effective way of tackling housing issues in our cities. Not only is it a dignified response to supporting people experiencing homelessness, but the cost of modular housing with social service supports is half the cost of providing a simple shelter bed.
Restarting the economy after COVID will take innovation and creative ideas, and modular housing should be a key addition to our infrastructure proposals as a model that could be multiplied across the city and country to house more of our vulnerable populations and supply affordable housing.