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OTTAWA, ON, July 3, 2009 — The Government of Canada and the Province of Ontario announced today more than $52.2 million to fund 23 construction-ready projects throughout Ontario.

The funding was made available as a result of a $1.2 billion joint investment under the amended Canada – Ontario Affordable Housing Program Agreement, which includes funding through Canada’s Economic Action Plan and by the Government of Ontario. The federal and provincial governments are contributing equally to this overall investment.

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

“We are dedicated to helping vulnerable Canadians access suitable, affordable housing,” said Minister Finley. “As well, we’re committed to improving existing social housing both in Ontario and across Canada.”

“New housing initiatives add significant support to the McGuinty government’s Poverty Reduction Strategy,” said Minister Watson. “This first wave of funding will lead to construction by September and we will continue to work with our municipal partners to ensure more units are built during the life of this program.”

Ontario is moving quickly to implement this new funding with 23 quick-start projects totalling more than $52.2 million — all of which will improve access to affordable housing for low-income families, seniors and persons with disabilities. Construction is set to begin before the end of September 2009. These projects will improve access to affordable housing for seniors and persons with disabilities. It will also create jobs and strengthen local economies. To find more about affordable housing in Ontario, visit www.mah.gov.on.ca.

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.

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.

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

Backgrounder

The Extended Canada – Ontario Affordable Housing Program as of July 3, 2009

The Government of Canada and the Province of Ontario announced today more than $52.2 million to fund 23 construction-ready projects throughout Ontario.

The funding was made available as a result of a $1.2 billion joint investment under the amended Canada – Ontario Affordable Housing Program Agreement, which includes funding through Canada’s Economic Action Plan and by the Government of Ontario. The federal and provincial governments are contributing equally to this overall announcement.

Toronto

• $4.4 million for phase two of the Homeward Bound project. The 44-unit project is sponsored by WoodGreen Community Housing Inc., and the units will be occupied by low-income families and individuals.

City of Hamilton

• $880,000 for an additional 11 units project sponsored by Spallacci Contracting Ltd. The units will be occupied by low-income seniors.
• $5.7 million for a 63-unit project sponsored by T. Valeri Construction Ltd. The units will be occupied by low-income seniors.
• $560,000 for seven units sponsored by Halton Heritage Realty Inc. The units will be occupied by low-income seniors.

Kawartha Lakes

• $2.2 million for an 18-unit project sponsored by Kawartha Lakes Haliburton Mental Health Services. The units will be occupied by individuals with disabilities.
• $6.1 million for a 51-unit project sponsored by the Community Care City of Kawartha Lakes. The units will be occupied by seniors and individuals with disabilities.

Lambton

• $560,000 for eight units sponsored by 1744514 Ontario Ltd. The units will be occupied by low-income seniors.
• $5.9 million for a 57-unit project sponsored by the Corporation of the County of Lambton. The units will be occupied by low-income seniors and individuals with disabilities.

City of Ottawa

• $6 million for a 55-unit project sponsored by Shepherds of Good Hope. The units will be occupied by individuals with disabilities and seniors.
• $720,000 for a six-unit project sponsored by the City of Ottawa. The units will be occupied by low-income families.

Peterborough

• $2.2 million for an 18-unit project sponsored by Otonabee South Monaghan. The units will be occupied by low-income seniors.
• $2.2 million for an 18-unit project sponsored by Peterborough Housing Corporation. The units will be occupied by low families and individuals, including seniors.
• $1.2 million for a 12-unit project sponsored by the TVM Group. The units will be occupied by families and individuals with disabilities.
• $600,000 for six units sponsored by ECE Living. The units will be occupied by low income seniors and individuals.
• $280,000 for four units sponsored by the TVM Group. The units will be occupied by low-income individuals.
• $960, 000 for eight units sponsored by Brock Street Mission. The units will be occupied by low-income individuals.
• $480,000 for four units sponsored by Peterborough Housing Corporation in Lakefield. The units will be occupied by low-income seniors  
• $120,000 for a one unit sponsored by Peterborough Community Housing Development Corporation. The units will be occupied by a low-income family.

Prescott Russell

• $140,000 for two units sponsored by La Corporation de logement de Rockland. The units will be occupied low-income seniors.

City of London

• $1.6 million for a 39-unit project sponsored by Southdale Apartments Inc. The units will be occupied by low-income families and individuals with disabilities.

City of Waterloo

• $5.4 million for a 45-unit project in sponsored by Newo Holdings Ltd. The units will be occupied by low-income seniors.
• $480,000 for four units sponsored by MennoHomes Inc. The units will be occupied by low-income families.
• $3.6 million for a 30-unit project sponsored by Supportive Housing of Waterloo. The units will be occupied by low-income families and persons with disabilities.

Article source: http://www.cmhc.ca/en/corp/nero/nere/2009/2009-07-03-1330b.cfm

Tags: Toronto House, Toronto Housing, Toronto Realtor

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