Mr. Chair, housing issues are deep-seated and complex. There are many interrelated problems and many stakeholders involved. To address the major challenges, we must all work together. That means working with the private sector, the non-profit sector, indigenous communities, the provinces and the territories. This also means that all homes must be built in partnership with municipalities, and our government recognizes that. Unlike the Conservative Party, we believe that municipalities are an integral part of the solution.
That is why we developed the housing accelerator fund for municipalities, which will be launched this summer. It encourages systemic changes in the way housing is built in this country by providing incentives to communities to reduce red tape and streamline their process.
The fund was developed in collaboration with the municipalities. Local leaders told us that they face obstacles to the quick construction of housing. They told us what we already suspected: No one likes red tape. However, we cannot eliminate red tape by calling for cuts; we must take concrete action.
Whether it is about modernizing the services and the permit systems or encouraging transit-oriented development or bringing in inclusive zoning, improving these processes takes resources. The rapid housing fund will provide these resources. It is backed by $4 billion in investments over five years. The goal is to directly create at least 100,000 net new housing units over the course of the initiative. More importantly, the simplified process that will come out of this work will continue to bear fruit for a long time to come, beyond the existence of the fund itself.
The fund will focus on the production of affordable housing with greater energy efficiency and on densification. As such it will not only build more houses, but it will build stronger communities because it will include a certain number of different initiatives to address the problem of housing affordability from several angles at a time.
The vast majority of these initiatives involve renewing, recovering and revitalizing the partnerships we have with the housing sector. This includes bilateral agreements with each of the provinces and territories to help us move forward together on housing. This includes distinction-based strategies to support housing in first nations, Métis and Inuit communities. This includes new and innovative initiatives to work directly with the not-for-profit and private sector.
This includes, for example, working with Co-operative Housing Federation of Canada and other sector stakeholders to create a co-op housing development program. It also includes a revolutionary partnership with Habitat for Humanity to create hundreds of new homes for families across the country. These communities will be ready for the future and leave no one behind.
Clearly, our government knows that this is an excellent program. It is also clear that we are not alone. As I mentioned earlier, the housing accelerator fund has already received support from across the housing sector, including from the Federation of Canadian Municipalities, the Canadian Home Builders' Association and the Canadian Housing and Renewal Association.
Also, at a parliamentary committee meeting last summer, Éric Cimon, the director general of the Association des groupes de ressources techniques du Québec, called it wonderful news. This kind of support is critical because, as I said at the beginning, it takes partnerships to build housing. We need a comprehensive approach to housing if we are to make it affordable again.
That is the reasoning behind the national housing strategy that the government launched in 2017. There are obviously several examples in Quebec. As I was saying earlier to my Bloc Québécois colleague, there is the example of Chez Doris. Chez Doris will be able to acquire and transform two connected buildings on Saint-Hubert Street in the borough of Ville-Marie. This project will provide 19 rooms for vulnerable women who have experienced homelessness or are at risk of becoming homeless. Community support will also be provided to encourage social interactions and improve their quality of life. The national housing strategy is not only about paying for the bricks and mortar; some aspects of the program are also about supporting certain operations to ensure that these projects are sustainable.
For example, we can talk about the permanent, culturally safe housing centre created by Projets Autochtones du Québec, or PAQ, which opened on February 27. This centre provides 18 rooms that can accommodate up to 22 indigenous men and women experiencing chronic homelessness. It is located in downtown Montreal near the Centre hospitalier de l'Université de Montréal and the PAQ's main shelter. Psychosocial support is provided by experienced workers. It is also a space that is culturally adapted to indigenous communities.
Lastly, I will talk about La Résidence des Ateliers, a project that has taken a number of years to implement. This project, which provides 200 housing units for seniors with direct access to the Rosemont metro station, would not have been possible without the national housing strategy.
These kinds of initiatives are happening because we are able to form partnerships with municipalities and community organizations. I am thinking, for example, of the UTILE student housing project in Quebec City, which provides 200 affordable housing units for students.
These projects will be possible and we will be able to accomplish them because we are going to work with all levels of government and community organizations across the country.