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WHITBY, ON, September 3, 2009 — The Government of Canada, the Government of Ontario, and the Regional Municipality of Durham today celebrated the start of construction of four new affordable housing projects, and the near-completion of one project. The projects are supported by $11.2 million in funding under the Canada – Ontario Affordable Housing Program to create 160 affordable housing units.

Colin Carrie, Member of Parliament for Oshawa, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada, and Minister responsible for Canada Mortgage and Housing Corporation (CMHC); Joe Dickson, Member of Provincial Parliament for Ajax – Pickering, on behalf of the Honourable Jim Watson, Minister of Municipal Affairs and Housing; Regional Chair Roger Anderson; and affordable housing sponsors Durham Regional Local Housing Corporation, Ajax Municipal Housing Corporation, TGFG Ventures, Inc., and Cher-Brook Properties Inc., attended the event.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said MP Carrie. “These projects are helping low-income families access safe and suitable housing, and build a stronger future for themselves.”

“Our government knows that providing affordable housing is one of the most important ways we can help our citizens,” said MPP Dickson. “The projects we are celebrating today, such as the 82-unit residence in Ajax, will make a positive difference in the lives of the people who will call them home.”

Today’s announcement recognized five affordable housing projects in the Region of Durham:

• A 32-unit project in Oshawa for individuals living in low-income and individuals with special needs, sponsored by TGFG Ventures Inc. The $3.9 million project received more than $2.2 million under the Canada – Ontario Affordable Housing Program.
• An 82-unit project in Ajax for individuals living on low-income, sponsored by Ajax Municipal Housing Corporation. The $13.7 million project received more than $5.7 million in funding under the Canada – Ontario Affordable Housing Program.
• A 29-unit project in Oshawa for individuals living on low-income and individuals with special needs, sponsored by Cher-Brook Properties Inc. The $5.1 million dollar project received more than $2 million in funding under the Canada – Ontario Affordable Housing Program.
• A 5-unit project in Uxbridge for seniors, sponsored by Durham Regional Local Housing Corporation. This $666,655 project received $350,000 under the Canada – Ontario Affordable Housing Program.
• A 12-unit project in Oshawa for individuals living on low-incomes, sponsored by Durham Regional Local Housing Corporation. The $2.8 million project received $840,000 under the Canada – Ontario Affordable Housing Program. 

The federal and provincial allocations to the projects were complemented by over $4.5 million in municipal financial incentives.

“Today’s event is a celebration of affordable housing in Durham Region,” stated Regional Chair Roger Anderson. “We are appreciative of the funding commitment provided by our provincial and federal partners. We will continue to work in co-operation with them to help ensure that the residents of Durham Region have access to affordable housing for years to come.”

The Canada – Ontario Affordable Housing Program Agreement, signed in 2005, comprises a commitment of $301 million from each of the two senior levels of government. In total, the federal, provincial and municipal governments will invest at least $734 million in the program, which will provide affordable housing for up to 20,000 households in Ontario.

Last fall, the Government of Canada committed more than $1.9 billion over the next five years to improve and build new affordable housing and to help the homeless. Canada’s Economic Action Plan builds on this with an additional one-time investment of more than $2 billion over two years in new and existing social housing and lending of up to another $2 billion to municipalities for housing-related infrastructure. Combined for Ontario, this means a further $1.2-billion joint investment under the amended Canada – Ontario Affordable Housing Program Agreement. The federal and provincial governments are contributing equally to this overall investment.

Ontario is moving quickly to implement this additional funding, which increases the number of quick start projects to 39 totalling over $76.5 million and which will improve access to affordable housing for low-income families, seniors and persons with disabilities.  It will also create jobs and strengthen local economies. To find out more about affordable housing in Ontario, visit www.mah.gov.on.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. For more information on Canada’s Economic Action Plan, call 1-800-O Canada or visit www.actionplan.gc.ca.

For further information please contact:

For more information visit: www.ontario.ca/housing

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Article source: http://www.cmhc.ca/en/corp/nero/nere/2009/2009-09-03-1000.cfm

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