Construction Begins on Affordable Housing Projects in East Ferris
Posted by: Toronto Real Estate Admin / Category: News Bulletin
EAST FERRIS, May 9, 2009 —The Government of Canada, the Government of Ontario, and the District of Nipissing Social Services Administration Board celebrated today the start of construction for 20 new affordable rental units for low-income senior citizens in two projects in the Township of East Ferris. The projects received $400,000 in funding through the Canada – Ontario Affordable Housing Program.
The Honourable Diane Finley, Minister of Human Resources and Skills Development Canada, and Minister responsible for Canada Mortgage and Housing Corporation; Monique Smith, MPP for Nipissing, on behalf of the Honourable Jim Watson, Minister of Municipal Affairs and Housing; and George Jupp, Chair of the District of Nipissing Social Services Administration Board, made the announcement today.
“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said Minister Finley. “The creation of these new rental units here in East Ferris will provide seniors with access to suitable, affordable housing that meets their specific needs.”
“There is a great need for affordable housing in our region,” said MPP Smith. “I am delighted that senior citizens in the Township of East Ferris will now have access to quality, affordable housing, while remaining close to their families and friends in the community.”
The $3.2 million Seniors Villa of East Ferris includes the 10-unit Corbeil Project and the 10-unit Astorville Project, providing affordable housing for low-income senior citizens.
The projects will receive annual affordability payments of $360,000 provided by the District of Nipissing Social Services Administration Board. Funding for the projects is complemented by municipal development fee waivers.
“The District of Nipissing Social Services Administration Board is pleased to support the development of housing for seniors in East Ferris,” said Chair Jupp. “It is a Board priority to see that the housing needs of rural citizens are addressed.”
The Canada – Ontario Affordable Housing Program 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 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: www.ontario.ca/housing
Article source: http://www.cmhc.ca/en/corp/nero/nere/2009/2009-05-09-1400.cfm
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