Construction Starts on Seniors’ Housing Complex
Posted by: Toronto Real Estate Admin / Category: News Bulletin
SUDBURY, June 30, 2009 – The Government of Canada, the Government of Ontario, and the City of Sudbury today launched an affordable housing project that will create 20 units of affordable housing for seniors.
The Honourable Tony Clement, Member of Parliament for Parry Sound – Muskoka and Minister of Industry, 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); the Honourable Rick Bartolucci, Member of Provincial Parliament for Sudbury and Minister of Community Safety and Correctional Services, on behalf of the Honourable Jim Watson, Minister of Municipal Affairs and Housing; John Rodriguez, Mayor of the City of Greater Sudbury; and Tullio Ricci, President of the Board of Directors of Capreol Non-Profit Housing Corporation, made the announcement today.
“This is great news for seniors in Sudbury,” said Minister Clement. “These new apartments will provide more rental options for those in need of suitable, affordable housing, and are important to the economic and social well-being of the Greater Sudbury community.”
“The McGuinty government is committed to working together with our partners to increase the supply of affordable housing here in Capreol,” said Minister Bartolucci. “For many seniors living on fixed or low incomes, these apartments are their opportunity for safe, affordable homes.”
Today’s announcement was a ground-breaking ceremony to mark the start of construction of a $3.37 million project, including $827,280 from the Canada – Ontario Affordable Housing Program. The project will create 20 units of affordable housing for seniors, and is sponsored by the Capreol Non-Profit Housing Corporation.
The federal and provincial funding is complemented by more than $547,720 in municipal financial incentives.
“The City of Greater Sudbury recognizes and appreciates the support of CMHC and Municipal Affairs and Housing for making this vital housing development possible,” said John Rodriguez, Mayor of Greater Sudbury. “We commend the Capreol Non-Profit Housing Corporation for their continued hard work and dedication to ensure that their valued, long-time citizens have a place to call home.”
“After years of planning, we are proud to see the development of affordable and adequate senior housing in Capreol,” said Tullio Ricci, President of the Board of Directors, Capreol Non-Profit Housing Corporation. “Capreol is a close-knit community, and this is the first step in assuring its citizens that they are able to stay in the area.”
Capreol Non-Profit Housing has been providing affordable housing in the town of Capreol, in the City of Greater Sudbury, since 1990. They currently have 20 senior housing units.
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.
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For more information visit: http://www.mah.gov.on.ca
Article source: http://www.cmhc.ca/en/corp/nero/nere/2009/2009-06-30-1630.cfm
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