E.B.Dungey Realty Ltd. Brokerage

CAYUGA, ON, February 23, 2010 — The Government of Canada announced today that Haldimand County has been approved for four housing-related infrastructure loans as part of Canada’s Economic Action Plan.

The announcement was made by the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

Haldimand County has been approved for almost $7 million in low-cost loans from CMHC’s Municipal Infrastructure Lending Program (MILP). These loans will be used to expand wastewater treatment plants in Cayuga and Hagersville in order to improve wastewater treatment for the residents of these communities. For the residents of Caledonia and Dunnville, the loans will be used to replace undersized water mains, which will improve water quality, pressure and reliability.

“Our government understands the importance of infrastructure in maintaining strong and prosperous communities,” said Minister Finley. “We’re opening the door for municipalities of all sizes to meet their housing-related infrastructure needs. Canada’s Economic Action Plan is creating jobs and stimulating the economy right here in Haldimand County.”

Canada’s Economic Action Plan provides up to $2 billion in direct low-cost loans to municipalities, over two years, for housing-related infrastructure projects through the MILP. Municipal infrastructure loans are available to any municipality in Canada and provide a new source of funds for municipalities to invest in housing-related infrastructure projects. These low-cost loans can also be used by municipalities to fund their contribution for cost-shared federal infrastructure programming.

“Haldimand County is pleased to have our application approved through CMHC’s Municipal Infrastructure Lending Program,” said Mayor Marie Trainer. “This low-cost loan will allow us to pursue projects that will enhance our community, create jobs in a cost-effective manner and help prepare Haldimand County for future growth and prosperity.”

Eligible projects include infrastructure related to housing services such as water, power generation and waste services, as well as local transportation infrastructure within and into residential areas, such as roads, sidewalks, lighting and green space.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

More information on this and other measures in Canada’s Economic Action Plan, a plan to stimulate the economy and protect those hit hardest by the global recession, can be found at: www.actionplan.gc.ca.

More information, including application forms, for municipalities wishing to apply for loans can be found at: www.cmhc.ca/housingactionplan.

Media inquiries:

See related speech

Backgrounder

Helping Municipalities Build Stronger Communities

CMHC Municipal Infrastructure Lending Program

Canada’s Economic Action Plan provides up to $2 billion in direct low-cost loans to municipalities over two years through Canada Mortgage and Housing Corporation (CMHC)’s Municipal Infrastructure Lending Program (MILP) for housing-related infrastructure projects in towns and cities across the country.

These infrastructure loans are available to any municipality within Canada and will provide a new source of funds for municipalities to invest in housing-related infrastructure projects. Only infrastructure projects serving new or existing residential areas may be considered. 

Eligible municipal infrastructure projects must directly relate to housing, thereby contributing to the efficient functioning of residential areas. Projects include infrastructure related to the provision of housing services such as water, wastewater and solid waste services; power generation; local transportation infrastructure within or into residential areas such as roads, bridges and tunnels; and residential sidewalks, lighting, pathways, landscaping and green space.

There will be a focus on funding projects that are shovel-ready, as this is a targeted, short-term, temporary measure intended to create jobs.

These low-cost loans will significantly decrease the cost of borrowing for municipalities and can be used by them to fund their contribution for cost-shared federal infrastructure programming.

Eligible loans will be approved largely on a first-come, first-served basis, provided the proposal meets eligibility requirements. However, CMHC will also seek to facilitate equitable access to the program and will work to encourage applications from urban and rural municipalities across Canada.

CMHC will screen applications against program eligibility, readiness to proceed and Canadian Environmental Assessment Agency (CEAA) requirements.

For more information or to make an application, municipalities can visit CMHC’s website at: www.cmhc.ca/housingactionplan.

Article source: http://www.cmhc.ca/en/corp/nero/nere/2010/2010-02-23-1330.cfm

KITCHENER, ON, July 27, 2011 — The Government of Canada joined with community partners today to officially open a 17-bed affordable housing project today. The newly renovated building will provide room and boarding services for people experiencing homelessness and for those with special needs in Kitchener.

Stephen Woodworth Member of Parliament for Kitchener Centre, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC); project sponsors Peter and Maggie Kaljas along with guests and tenants made the announcement.

“I am pleased to celebrate the official opening today of Kaljas Homes here in Kitchener and commemorate Anna Kaljas who devoted her life to helping those in need in our community,” said MP Stephen Woodworth. “As a partner, our government is delivering aid to make a difference in the lives of people with special needs or at risk of homelessness as they try to get their lives back on track.”

The federal government provided $245,239 to Kaljas Homes through Canada Mortgage and Housing Corporation’s Rooming House Residential Rehabilitation Assistance Program (RRAP) to repair existing structural and system (electrical, heating, plumbing) deficiencies, in the 17-bed affordable housing building.

Rooming House RRAP offers financial assistance to pay for mandatory repairs to rooming houses occupied by low-income tenants.

“Anna Kaljas devoted much of her life to helping people less fortunate in her community,” said Maggie Kaljas. “The Kaljas family is grateful for this funding which has enabled us to make the repairs necessary to continue to provide a safe and supportive home to our residents and carry on Anna`s legacy. She would be proud.”

Kaljas Homes provides affordable and appropriate housing for persons with significant mental health issues and / or substance abuse. They provide shelter, food clothing and basic essentials. Kaljas Homes works with community agencies to support residents to learn day-to-day life skills to reach a balance in their lives and establish goals for their future.

CMHC has been Canada’s national housing agency for more than 65 years. CMHC is committed to helping Canadians access a wide choice of quality, environmentally sustainable, affordable housing solutions, while making vibrant, healthy communities and cities a reality across the country.

In 2008, the Government of Canada committed more than $1.9 billion over five years to improve and build new affordable housing and to help the homeless. As a part of this investment, the renovation programs for low-income households, including the Residential Rehabilitation Assistance Program, were extended for two years to March 31, 2011. For Ontario this represents almost $73 million in federal funding for renovation programs off-reserve.

Canada’s Economic Action Plan build on this with an additional one-time investment of more than $2 billion to build new and renovate existing social housing for low-income Canadians, plus $2 billion in low-cost loans to municipalities for housing-related infrastructure.

Media inquiries:

Dean D’Souza
Canada Mortgage and Housing Corporation
416-250-2760

Alyson Queen
Press Secretary
Office of Minister Finley
819-994-2482

See related speech

Article source: http://www.cmhc.ca/en/corp/nero/nere/2011/2011-07-27-1000.cfm

SAUGEEN SHORES, ON, February 25, 2010 — The Government of Canada announced today that the Town of Saugeen Shores has been approved for two infrastructure loans as part of Canada’s Economic Action Plan.

The announcement was made by Ben Lobb, Member of Parliament for Huron – Bruce, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

Saugeen Shores has been approved for almost $5.3 million in low-cost loans from CMHC’s Municipal Infrastructure Lending Program (MILP), to expand its wastewater treatment facilities including the construction of a new sewage pumping station and new septage receiving station. These upgrades will improve the management and efficiency of municipal wastewater infrastructure and improve the quality of treated wastewater effluent.

“Our Government understands the importance of infrastructure in maintaining strong and prosperous communities,” said MP Lobb. “This program is opening the door for municipalities of all sizes to meet their housing-related infrastructure needs. Canada’s Economic Action Plan is creating jobs and stimulating the economy right here in Saugeen Shores.”

Canada’s Economic Action Plan provides up to $2 billion in direct low-cost loans to municipalities, over two years, for housing-related infrastructure projects through the MILP. Municipal infrastructure loans are available to any municipality in Canada and provide a new source of funds for municipalities to invest in housing-related infrastructure projects. These low cost loans can also be used by municipalities to fund their contribution for cost-shared federal infrastructure programming.

“CMHC has provided the Town of Saugeen Shores with low-cost financing for two major infrastructure projects” said Mayor Mike Smith. “The Municipal Infrastructure Lending Program has enabled the Town to fund the municipal share of the 10^th Concession Pump Station and Wastewater Forcemain projects; and the Inlet Works Building and Septage Receiving Station at the Wastewater Treatment Plant in Port Elgin. The ability to finance this work over a fifteen year term at a fixed rate of interest guarantees a stable repayment plan that can be built into the municipal sewer rate”.

Eligible projects include infrastructure related to housing services such as water, power generation and waste services, as well as local transportation infrastructure within and into residential areas, such as roads, sidewalks, lighting and green space.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

More information on this and other measures in Canada’s Economic Action Plan, a plan to stimulate the economy and protect those hit hardest by the global recession, can be found at: www.actionplan.gc.ca.

More information, including applications forms, for municipalities wishing to apply for loans can be found at: www.cmhc.ca/housingactionplan.

Media inquiries:

See related speech

Backgrounder

Helping Municipalities Build Stronger Communities

CMHC Municipal Infrastructure Lending Program

Canada’s Economic Action Plan provides up to $2 billion in direct low-cost loans to municipalities over two years through Canada Mortgage and Housing Corporation (CMHC)’s Municipal Infrastructure Lending Program (MILP) for housing-related infrastructure projects in towns and cities across the country.

These infrastructure loans are available to any municipality within Canada and will provide a new source of funds for municipalities to invest in housing-related infrastructure projects. Only infrastructure projects serving new or existing residential areas may be considered.

Eligible municipal infrastructure projects must directly relate to housing, thereby contributing to the efficient functioning of residential areas. Projects include infrastructure related to the provision of housing services such as water, wastewater and solid waste services; power generation; local transportation infrastructure within or into residential areas such as roads, bridges and tunnels; and residential sidewalks, lighting, pathways, landscaping and green space.

There will be a focus on funding projects that are shovel-ready, as this is a targeted, short-term, temporary measure intended to create jobs.

These low-cost loans will significantly decrease the cost of borrowing for municipalities and can be used by them to fund their contribution for cost-shared federal infrastructure programming.

Eligible loans will be approved largely on a first-come, first-served basis, provided the proposal meets eligibility requirements. However, CMHC will also seek to facilitate equitable access to the program and will work to encourage applications from urban and rural municipalities across Canada.

CMHC will screen applications against program eligibility, readiness to proceed and Canadian Environmental Assessment Agency (CEAA) requirements.

For more information or to make an application, municipalities can visit CMHC’s website at www.cmhc.ca/housingactionplan.

Article source: http://www.cmhc.ca/en/corp/nero/nere/2010/2010-02-25-1130.cfm

TREB President’s
Column as it appears every Friday in the Toronto Sun’s Resale
Homes and Condos section.

Know when it’s time to renovate

July 22, 2011 — Living in Toronto and renovating homes seem to go hand in hand. One of the major ways we build equity in our homes is by adding a new bathroom, kitchen or family room. Families grow, space must be maximized, and keeping parents close to work and children in their favourite schools often means, “Honey, It is time to renovate…again!”

Buying a fixer-upper can be a great way to get into a desirable neighbourhood at an affordable cost. It’s important to recognize though, that all renovations involve some inconvenience and a lot of elbow grease. While you’re rolling up your sleeves, it’s wise to maximize your efforts, go green, and remember that what may no longer suit your lifestyle, might be of use to someone else.

Renovating Benefits Others as Well!

A great way to renovate for you while supporting a charitable cause is to consider your local Habitat for Humanity ReStore. This building supply store accepts and resells quality new and used building materials. Funds support Habitat’s building programs while reducing the amount of used materials that are headed for overflowing landfills. Check ReStores out online at http://www.habitat.ca/en/community/restores/location.

Regardless of the upgrades you undertake, keep in mind that you can reduce the amount of waste you generate by donating or recycling construction materials. Certainly don’t dismiss the old for the new, if there are items to be reused, refurbishing them can add greater character to your home.

If you are looking for some great tubs and sinks you may have to go no further than your current bathrooms and kitchens. Techniques for resurfacing and countertops made of more recent materials like Caesar Stone, recycled glass, concrete, steel, stones, and the myriad of tiles will give you lots of options for upgrading the look without replacing the whole bathroom or kitchen.

Paint and paint techniques can change the look of a kitchen in a few afternoons, save you money and improve your investment: The Appraisal Institute of Canada says that upgrading kitchens and bathrooms is a smart choice, potentially offering a 75 to 100 per cent return. 

Greening your Renovations!

Energy efficient lighting, appliances, faucets, toilets and showerheads are a few of the options for increasing the green factor in these two essential rooms and you can watch your monthly expenses drop.

When it comes to flooring, cork and bamboo are among the greenest options, as they are derived from renewable resources. While bamboo is also an excellent choice for cabinets, wood that is certified by the Forest Stewardship Council of Canada is another responsible option.

Visit the Appraisal Institute of Canada’s RENOVA, an interactive web-based guide to the value of home improvements. RENOVA is designed to give consumers a better idea of the return on investment they can expect for a variety of home improvements.

Household drafts will increase your heating bills and make those lovely spacious rooms an expensive proposition in our colder months. Window and door replacement may offer a more limited return of 50 to 75 per cent, but if your existing units are broken or have been installed for fashion rather than performance, this upgrade should take priority.

When purchasing windows, look for low-E argon-filled units with the Energy Star symbol to achieve the highest thermal efficiency. Note: if you wonder how old your thermo pane windows are, most are stamped with the year and month they were made on the metal piece between the panes of glass.

Similarly, replacing an aging roof may only offer a small return but it’s an upgrade that should not be deferred due to the potential for water damage. Fortunately, roof shingles made from a variety of recycled materials are widely available and sometimes the life expectancy of your new roof is worth paying the extra costs. Housing is a long term investment.

Heating systems can offer a 50 to 75 per cent return, while central air conditioning can deliver 25 to 75 per cent on your investment, but given the extreme temperatures of our climate, these are also wise investments, particularly when you choose models with the Energy Star symbol. We replaced our workable 60 percent efficiency furnace with a high efficiency furnace that, with our new windows and doors keeps us toasty all winter.

While decorating choices may be subject to taste, you’ll find that when it’s time to move again, energy efficient, money-saving upgrades have universal appeal. Renovating can be helpful to you, others, and reduce your carbon footprint all at the same time. Enjoy!

For Greening, Renovating or finding the right home, talk to a Greater Toronto REALTOR® and visit www.TorontoRealEstateBoard.com for neighbourhood profiles, open house listings, market updates and more.

Richard Silver is President of the Toronto Real Estate Board, a professional association that represents 31,000 REALTORS® in the Greater Toronto Area. 

Follow TREB on www.twitter.com/TREB_Official, www.Facebook.com/TorontoRealEstateBoard and www.youtube.com/TREBChannel

• President’s Toronto Sun Column Archive.

Article source: http://www.torontorealestateboard.com/pres_sun_col/index.htm

TORONTO, ONTARIO, February 26, 2010 — The Renewable Energy Initiative was introduced today as a first step in a program application process, through funding of $70 million for energy efficiency upgrades of existing social and new affordable housing projects. Announcements will be made this spring on requests for quotations from suppliers and on the application process so that organizations can apply for funding.

The Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) and Jim Bradley, Ontario Minister of Municipal Affairs and Housing made the announcement.

The federal and provincial governments are contributing equally to this investment as part of the Government of Canada’s funding announced under Canada’s Economic Action Plan for Ontario. This will lead to improved energy efficiency and support the purchase and installation of renewable energy systems in existing and new affordable housing that are capable of generating energy and selling surplus energy back into the electrical grid.

“Through Canada’s Economic Action Plan, the Harper government is committed to making communities stronger through investments in safe and energy efficient housing,” said Minister Finley. “These investments create and sustain local jobs and invest in our future.”

“The McGuinty government is taking steps to make Ontario’s social and affordable housing more energy efficient. ” said Minister Bradley. “This initiative will help promote green industry and create new jobs here.”

The funding for today’s announcement is part of a joint investment of more than $1.2 billion over two years through an amendment to the Canada – Ontario Affordable Housing Program Agreement which was announced in June 2009.

The Government of Canada wants to improve the quality of existing social housing to ensure that Canadians on fixed incomes can live with independence and dignity in their communities, close to family and friends. Canada’s Economic Action Plan provides over two years $850 million for the renovation and retrofit of existing social housing, plus a further $475 million to build new rental housing for low-income seniors and persons with disabilities. These new housing investments also address Canada’s goals with respect to climate change and the environment. Overall, the Economic Action Plan includes $2 billion for new and existing social housing, plus up to $2 billion in loans to municipalities for housing-related infrastructure. Canada’s Economic Action Plan builds on the Government of Canada’s commitment in 2008 of more than $1.9 billion, over the next five years, to improve and build new affordable housing and help the homeless.

Ontario is investing $704 million to repair eligible social housing across the province.  In addition, the province has already approved more than $382 million for construction-ready projects, which will improve access to affordable housing for low-income families, seniors and persons with disabilities across the province. It will also create jobs and strengthen local economies. To find out more about affordable housing in Ontario, visit www.mah.gov.on.ca.

More information on this and other measures in Canada’s Economic Action Plan can be found at: www.actionplan.gc.ca. To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit: www.cmhc.ca/housingactionplan.

Media Inquiries:

For more information visit: www.mah.gov.on.ca.

Article source: http://www.cmhc.ca/en/corp/nero/nere/2010/2010-02-26-1130.cfm

ROCKLAND, ONTARIO, July 21, 2011 — The Government of Canada announced today that the City of Clarence-Rockland has been approved for a $6 million low-cost infrastructure loan as part of Canada’s Economic Action Plan.

The announcement was made by Pierre Lemieux, Member of Parliament for Glengarry – Prescott – Russell,on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

“Our Government understands the importance of infrastructure in maintaining strong and prosperous communities,” said MP Lemieux. “This program opened the door here in Clarence-Rockland and in municipalities across Canada to meet their housing-related infrastructure needs. Canada’s Economic Action Plan will continue to create jobs and stimulate the local economy here in Ontario and in all corners of the country.”

The City of Clarence-Rockland has been approved for a $6 million low-cost loan from CMHC’s Municipal Infrastructure Lending Program (MILP). These funds are being used toexpand its wastewater treatment plant and to upgrade road resurfacing to better serve its residents.

“Thanks to the support of Canada Mortgage and Housing Corporation, we were able to enhance and expand our regional water system to more than 200 new homes,” said Marcel Guibord, Mayor of Clarence-Rockland. “The City of Clarence-Rockland is proud to count on such programs to continue improving the quality of life of its residents”.

Canada’s Economic Action Plan provided $2 billion over two years in direct low-cost loans to municipalities. Municipal infrastructure loans were available to any municipality in Canada and provided a new source of funds for municipalities to invest in housing-related infrastructure projects. These low cost loans could be used by municipalities to fund their contribution for cost-shared federal infrastructure programming.

Eligible projects included infrastructure related to housing services such as water, power generation and waste services, as well as local transportation infrastructure within and into residential areas, such as roads, sidewalks, lighting, firehalls and green space.

CMHC has been Canada’s national housing agency for more than 65 years. CMHC is committed to helping Canadians access a wide choice of quality, environmentally sustainable, affordable housing solutions, while making vibrant, healthy communities and cities a reality across the country.

More information on this and other measures in Canada’s Economic Action Plan, a plan to stimulate the economy and protect those hit hardest by the global recession, can be found at: www.actionplan.gc.ca.  

Media inquiries:

Ann Matejicka
Director of Communications
Office of Minister Finley
819-994-2482

CMHC regional contact:

Dean D’Souza
Communication and Event Coordinator
CMHC
416-250-2760

Backgrounder

Helping Municipalities Build Stronger Communities

CMHC’s Municipal Infrastructure Lending Program

Canada’s Economic Action Plan provided $2 billion in direct low-cost loans to municipalities over two years for housing-related infrastructure projects in towns and cities across the country. The Municipal Infrastructure Lending Program (MILP) is administered by Canada Mortgage and Housing Corporation (CMHC).

These infrastructure loans were available to any municipality within Canada and provided a new source of funds for municipalities to invest in housing-related infrastructure projects. Only infrastructure projects serving new or existing residential areas were considered.

Eligible municipal infrastructure projects needed to be directly relate to housing, thereby contributing to the efficient functioning of residential areas. Projects included infrastructure related to the provision of housing services such as water, wastewater and solid waste services; power generation; local transportation infrastructure within or into residential areas such as roads, bridges and tunnels; and residential sidewalks, lighting, pathways, landscaping, firehalls and green space.

There was a focus on funding projects that were shovel-ready, as this was a targeted, short-term, temporary measure intended to create jobs.

These low-cost loans significantly decreased the cost of borrowing for municipalities and could be used by them to fund their contribution for cost-shared federal infrastructure programming.

Loans were approved on a first-come, first-served basis, provided the proposals met eligibility requirements. To facilitate equitable access to the program, applications were encouraged from both urban and rural municipalities across Canada.

CMHC screened applications against program eligibility, readiness to proceed and Canadian Environmental Assessment Agency requirements.

For more information visit CMHC’s Web site at www.cmhc.ca/housingactionplan. 

Article source: http://www.cmhc.ca/en/corp/nero/nere/2011/2011-07-21-1100.cfm

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Article source: http://www.torontorealestateboard.com/consumer_info/market_news/news2011/pdf/nr_mid_month_0711.pdf

ORILLIA, ON, March 12, 2010 — The Government of Canada announced today that two co-operatives located in Orillia will receive more than $158,000 through Canada’s Economic Action Plan, as part of the social housing renovation and retrofit investments.

The announcement was made at Couchiching Co-operative Homes Inc. by Bruce Stanton, Member of Parliament for Simcoe North, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

“Through Canada’s Economic Action Plan, our government is taking action to help ensure our economic recovery and create the conditions for long-term growth,” said MP Stanton. “Funding renovation and retrofit projects, like this one, will not only improve the quality of life of its residents by keeping their homes safe and affordable, but it will also help stimulate the local economy and create jobs.”

The Government of Canada, through Canada’s Economic Action Plan, announced $1 billion for social housing renovation and retrofit. Of the $1 billion, $850 million is being delivered by provinces and territories on a cost-matched basis for existing federally assisted social housing projects which they administer on behalf of the partnership. The remaining $150 million is being delivered by CMHC for existing federally assisted off-reserve housing which it directly administers. Eligible repairs include general improvements, energy efficiency upgrades or conversions, and modifications in support of persons with disabilities.

The housing co-operatives that will receive contributions from the Government of Canada being announced today are:

“We applaud and thank the federal government, Mr. Stanton and CMHC for making a solid investment to help renovate and retrofit these affordable homes,” said Ken Elliott, President of the Co-operative Housing Federation of Canada. “Today’s announcement for both non-profit housing co-operatives is an excellent example of stimulus funding that works towards preserving jobs, assisting the local economy and protecting valuable affordable housing assets for Canadians.”

“The members of Couchiching Co-operative Homes greatly appreciate CMHC’s approval of our grant application to have new insulation added to the attics of our townhouse units and the apartment building. According to the members of the co-op, this has already shown significant savings on utility bills,” said Mary Dempsey, President of the Board of Directors of Couchiching Co-operative Homes. “We are also in the process of receiving new storm doors and patio doors to replace the deteriorating, 24-year-old doors, thanks to the Canadian Government and CMHC Renovation and Retrofit grants.”

“We are delighted that our co-operative will benefit from the federal government’s renovation and retrofit initiative delivered by CMHC” said Brian Smith, President of The Coral Co-op in Orillia. “This funding has literally provided the roof over our heads and without the grant this work could not have been completed.”

More information on this and other measures in Canada’s Economic Action Plan, the federal government’s plan to stimulate the economy and protect those hit hardest by the global recession, can be found at: www.actionplan.gc.ca.

To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit: www.cmhc.ca/housingactionplan. 

Media inquiries:

See related speech

MP Bruce Stanton, Simcoe-North announcing more than $158,000 for two Orillia co-operatives through Canada’s Economic Action Plan, as part of the social housing renovation and retrofit investments.

Article source: http://www.cmhc.ca/en/corp/nero/nere/2010/2010-03-12-0930.cfm

PETERBOROUGH, ON, March 15, 2010 — The Government of Canada announced today that one housing co-operative located in Peterborough will receive more than $291,000 through Canada’s Economic Action Plan, as part of the social housing renovation and retrofit investments.

The announcement was made at the Kawartha Village Co-op by Dean Del Mastro, Parliamentary Secretary to the Minister of Canadian Heritage and Member of Parliament for Peterborough, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

“Through Canada’s Economic Action Plan, our government is taking action to help ensure our economic recovery and create the conditions for long-term growth,” said MP Del Mastro. “Funding renovation and retrofit projects, like this one, will not only improve the quality of life of its residents by keeping their homes safe and affordable, but it will also help stimulate the local economy and create jobs.”

The Government of Canada, through Canada’s Economic Action Plan, announced $1 billion for social housing renovation and retrofit. Of the $1 billion, $850 million is being delivered by provinces and territories on a cost-matched basis for existing federally assisted social housing projects which they administer on behalf of the partnership. The remaining $150 million is being delivered by CMHC for existing federally assisted off-reserve housing which it directly administers. Eligible repairs include general improvements, energy efficiency upgrades or conversions, and modifications in support of persons with disabilities.

The housing co-operative that will receive a contribution from the Government of Canada being announced today is Kawartha Village Co-op.

“We commend and thank the federal government, Mr. Del Mastro and CMHC for making a sound investment to help ensure that this affordable community is preserved as a legacy for the long-term benefit of its residents, ” said David Granovsky, Government Relations Co-ordinator for the Co-operative Housing Federation of Canada. “Today’s announcement shows how stimulus funding helps to preserve jobs, assist the local economy and protect valuable affordable housing assets for Canadians.”

“We are very pleased to be receiving the Renovation and Retrofit grant through Canada’s Economic Action Plan to improve our cooperative,” said Mary Earls, President, Kawartha Village Co-operative Homes Incorporated. “These significant renovations will have a tremendous positive impact for our members and their quality of life.”

More information on this and other measures in Canada’s Economic Action Plan, the federal government’s plan to stimulate the economy and protect those hit hardest by the global recession, can be found at: www.actionplan.gc.ca.

To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit: www.cmhc.ca/housingactionplan. 

Media inquiries:

Article source: http://www.cmhc.ca/en/corp/nero/nere/2010/2010-03-15-0930.cfm

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Article source: http://www.torontorealestateboard.com/consumer_info/market_news/news2011/pdf/nr_ride_for_charity.pdf