Canada’s Economic Action Plan Makes Housing a Priority — Kingston
Posted by: Toronto Real Estate Admin / Category: News BulletinKINGSTON, June 6, 2009 — Low-income Canadians, including seniors and persons with disabilities will be well served by funding to renovate and build new social housing across Canada, thanks to Canada’s Economic Action Plan, Ed Komarnicki, Parliamentary Secretary to the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), highlighted today, while visiting Kingston Co-operative Homes Inc.
“Housing is a priority for our government,” said Parliamentary Secretary Komarnicki. “People across Canada, including seniors, persons with disabilities, First Nations, and those living in Canada’s North, will benefit from this investment, which will help to ensure that we continue to offer safe and affordable housing to Canadians.“
Canada’s Economic Action Plan includes more than $2 billion to build new and renovate existing social housing. Of the $2 billion: $1 billion is for renovations and upgrades; $475 million is for low-income seniors and persons with disabilities; $400 million is for on-reserve communities; and $200 million is for housing in the North.
“Since our government made this announcement in January, we have been making real progress in delivering the funds,” added Parliamentary Secretary Komarnicki. “The spin-off benefits are tremendous. We’re putting Canada’s economy back on the path to growth and making a real and lasting difference for Canadians coast-to-coast-to coast.”
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 or by calling 1-800-O Canada.
For more information on CMHC’s initiatives for Canadians and communities under Canada’s Economic Action Plan, CMHC’s website at: www.cmhc.ca/housingactionplan or by phone at 1-800-668-2642.
Media inquiries:
Kristen Scheel
CMHC Media Relations
613-316-2949
Michelle Bakos
Office of the Honourable Diane Finley
Minister of Human Resources and Skills Development Canada
613-218-9288
Ed Komarnicki, Parliamentary Secretary to the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), speaking at Kingston Co-operative Homes on June 6, 2009, highlights housing investments for low-income Canadians in Canada’s Economic Action Plan.
See related speech
Article source: http://www.cmhc.ca/en/corp/nero/nere/2009/2009-06-06-1300.cfm
Tags: Toronto House, Toronto Housing, Toronto Realtor