The Honda Canada Foundation is donating $200,000 over the next two years to Habitat for Humanity Canada to help support Black families with homeownership.
“Access to affordable homeownership is a dream for many hard-working families and today’s housing market makes such dreams difficult to reach,” said Tony Facciolo, Chair of the Honda Canada Foundation, in a statement.
In a news release, the OEM’s charitable division said the donation aims to address the racial homeownership gap and provide Black facilities with more opportunities to build equity in this area. In other words, helping to remove any barriers that have contributed to the “disproportionate lack of homeownership opportunities for Black people in Canada,” according to Julia Deans, President and CEO of Habitat for Humanity Canada.
“Through our Black Families Funding Initiative, we can provide more Black families with an opportunity to build financial stability and equity through affordable homeownership,” said Deans in a statement. “We’re proud to partner with an organization that shares our belief that everyone benefits when we all have a decent place to call home.”
The first $100,000 will support a project led by Habitat for Humanity Greater Toronto Area, while the remaining funding will go towards a project led by Habitat for Humanity Southern Alberta.
