Government of Canada Celebrates Grand Opening of Edgewood Villa in Toronto
Posted by: Toronto Real Estate Admin / Category: News BulletinTORONTO, ON, November 29, 2010 — The Government of Canada and community partners celebrated the official opening of a 29-bed affordable housing project today. The completed rooming house will provide affordable, supportive housing for individuals living with special needs in Toronto.
The Honourable Jim Flaherty, Minister of Finance, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with representatives of project sponsors Edgewood Villa Inc., made the announcement.
“The Government of Canada is committed to providing renovation funding for individuals living with special needs, as well as affordable and supportive housing in Ontario and across Canada,” said Minister Flaherty. “The individuals at Edgewood Villa will now be able to access safe, comfortable housing and live together in a supportive environment.”
The federal government provided $464,000 to Edgewood Villa Inc. through CMHC’s Rooming House Residential Rehabilitation Assistance Program (RRAP Rooming House). The new rooming house, located at 17 Edgewood Avenue, will provide 29 beds for individuals with special needs.
The Rooming House RRAP offers financial assistance to pay for repairs to rooming houses occupied by low-income tenants.
“In the realm of affordable and supportive housing, we need to be completely dedicated to the cause and collaborate with those around us to make these developments a reality,” said Ken McGowen, co-founder of Edgewood Villa Inc. “Here at Edgewood Villa, we see ourselves as simply a link in the chain of this project, and now 29 individuals have a safe place to call home.”
CMHC has been Canada’s national housing agency for more than 60 years. CMHC is committed to helping Canadians access a wide choice of quality, affordable homes, while making vibrant, healthy communities and cities a reality across the country.
In 2008, the Government of Canada committed more than $1.9 billion over five years to improve and build new affordable housing and to help the homeless. As a part of this investment, the renovation programs for low-income households, including the Residential Rehabilitation Assistance Program, were extended for two years. For Ontario this represents almost $73 million in federal funding for renovation programs off-reserve.
Canada’s Economic Action Plan builds on this with an additional one-time investment of more than $2 billion to build new and renovate existing social housing for low-income Canadians, plus up to $2 billion in low-cost loans to municipalities for housing-related infrastructure.
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Article source: http://www.cmhc.ca/en/corp/nero/nere/2010/2010-11-29-1330.cfm
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