E.B.Dungey Realty Ltd. Brokerage

LONDON, ONTARIO, November 10, 2016 — The Governments of Canada and Ontario, along with the City of London, celebrated the official opening of 18 new affordable housing initiatives in London and the surrounding area today.

Kate Young, Member of Parliament for London West on behalf of Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with Deb Matthews, Deputy Premier and Member of Provincial Parliament for London North Centre, on behalf of the Honourable Chris Ballard, Ontario’s Minister of Housing and the Minister Responsible for the Poverty Reduction Strategy, made the announcement.

Quick Facts:

• Housing initiatives, and their combined federal and provincial contributions, that were celebrated today include:
  • Hambleton Hall at 203 John Street in Simcoe received $2 million for 35 units of affordable housing
  • Woodfield Terrace at 380 Princess Avenue received $1.98 million for 33 units of affordable housing
  • 339 Commissioners Road West received $1.85 million for 29 affordable housing units, three of which are designated for residents with mental health challenges
  • 1166 Hamilton Road received $1.82 million for 26 units of affordable housing, with four of those units designated for persons with physical disabilities
  • Lido Place at 129 Riverside Drive received $1.62 million for 27 units of affordable housing
  • 534 Albert Street in Strathroy received $1.47 million for 21 units, 14 of which are for persons with physical disabilities and seven for seniors
  • 193 Clarke Road received $1.43 million for 14 units of affordable housing for persons with physical and developmental disabilities
  • 77 Tecumseh Avenue received $1.32 million for 22 units of affordable housing
  • 753 Dundas Street received $773,530 for 12 units of affordable housing, with three of those units designated for victims of domestic violence
  • 602 Albert in Strathroy received $720,000 for 12 affordable housing units
  • 189 Dundas Street received $660,000 for 11 affordable housing units
  • 115 Craig Street in Alisa Craig received $480,000 for eight affordable housing units
  • Four Feathers Housing Co-operative at 205 Commissioners Road West received $468,000 for eight units of First Nations, Métis and Inuit housing
  • 159 Main Street in Glencoe received $360,000 for five affordable housing units
  • 173 Main Street Phase 2 in Glencoe received $360,000 for six affordable housing units
  • DeafBlind Ontario at 1166 Sandbar Street received $240,000 for four units of housing for persons with hearing/vision challenges
  • 2514 Tokala Trail received $240,000 for four units for those with hearing and vision challenges
  • 668 Dundas Street received $141,750 for four affordable housing units
• Municipal contributions by London and Middlesex County for these developments were $9,306,546.
• Municipal contributions by Norfolk County for Hambleton Hall were $167,960.

Quotes:

“Our Government is dedicated to helping those in need, which is why we are proud to have invested in these projects in London and surrounding area. The 281 new housing units we are announcing today are more than just safe and affordable places to live, they are key to a better life for the residents who will call them home.”
— Kate Young, Member of Parliament for London West

“Our government is supporting initiatives that give families and individuals the safe and affordable housing they need. We know that once people have a roof over their heads, they can concentrate on other things in their lives, like having time to spend with their loved ones or securing long-term employment. These new initiatives in London and the surrounding area will help strengthen our community.”
— Deb Matthews, MPP London North Centre

“We know that housing is instrumental in raising people out of poverty. There is no better way to address poverty than to start with the foundation of safe, secure housing. I am so pleased to see all levels of government working together to address the housing crisis.”
— Matt Brown, Mayor of the City of London

“Our goal was to create a project that would blend with the neighbourhood while providing the much- needed affordable rental housing in this area and I think we have succeeded on all fronts. I would like to thank everyone involved in making this project happen – our Board of Directors, the architect responsible for this amazing design, the construction team and all levels of government for capital funding support. We are partners in making something important happen.”
— Carmen Sprovieri, Board Chair of Homes Unlimited (London) Inc.

Associated Links:

 
• Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC’s operations. For more information, please call 1-800-668-2642.
• Investing in affordable housing programs is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives.  Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 20,000 new affordable rental housing units, more than 275,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 90,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness in 10 years. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing.

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Media Contacts:

Wilbur McLean
Public Affairs
Canada Mortgage and Housing Corporation
416-218-3331
wmclean@cmhc-schl.gc.ca

Conrad Spezowka
Communications
Ministry of Housing
416-585-7066
conrad.spezowka@ontario.ca

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2016/2016-11-10-1030.cfm

Tags: Toronto House, Toronto Housing, Toronto Realtor

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