Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 06, 2010 13:30 ET

CMHC: Canada's Economic Action Plan Creates Jobs and Improves Social Housing in British Columbia

VICTORIA, BRITISH COLUMBIA--(Marketwire - April 6, 2010) - The Government of Canada announced today that 39 co-operative housing projects located in British Columbia will receive more than $9.4 million, through Canada's Economic Action Plan, as part of the social housing renovation and retrofit investments.

The announcement was made at the Waterside Housing Co-operative by the Honourable Gary Lunn, Minister of State for Sport and Member of Parliament for Saanich – Gulf Islands, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

"Through Canada's Economic Action Plan, our government is taking action to help ensure our economic recovery and create the conditions for long-term growth," said Minister of State for Sport, Gary Lunn. "Funding renovation and retrofit projects, like this one, will not only improve the quality of life of its residents by keeping their homes safe and affordable, but it will also help stimulate the local economy and create local jobs."

The Government of Canada, through Canada's Economic Action Plan, announced $1 billion for social housing renovation and retrofit. Of the $1 billion, $850 million is being delivered by provinces and territories on a cost-matched basis for existing federally assisted social housing projects which they administer on behalf of the partnership. The remaining $150 million is being delivered by CMHC for existing federally assisted off-reserve housing which it directly administers. Eligible repairs include general improvements, energy efficiency upgrades or conversions, and modifications in support of persons with disabilities.

The co-operative housing projects that will receive contributions from the Government of Canada being announced today are listed in the attached backgrounder.

"We congratulate and thank the federal government, Minister of State for Sport, Gary Lunn, and CMHC for making a sound investment to help ensure that this affordable community is preserved as a legacy for the long-term benefit of its residents," said Ken Elliott, President of the Co-operative Housing Federation of Canada. "Today's announcement is an excellent example of stimulus funding that works towards preserving jobs, assisting the local economy, and protecting valuable affordable housing assets for Canadians."

"The members of the Waterside Housing Co-operative are extremely grateful for CMHC's approval of our grant application which went to installing new countertops and cupboards in 27 units' kitchens and bathrooms," said Susan Barron on behalf of the Waterside Housing Co-operative. "The renovations have made members feel a strong sense of pride for their homes and we would like to thank the Canadian Government and CMHC for making it possible."

More information on this and other measures in Canada's Economic Action Plan, the federal government's plan to stimulate the economy and protect those hit hardest by the global recession, can be found at: ww.actionplan.gc.ca.

To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc.ca/housingactionplan

BACKGROUNDER

The co-operative housing projects that will receive contributions from the Government of Canada being announced today are:

Location Housing Co-operative Funding
Surrey Arboretum Housing Co-operative $260,441
Vancouver Arlington Grove Housing Co-operative $377,817
Vancouver Ashley Mar Housing Co-operative $34,410
Surrey Birch Housing Co-operative $1,375,045
North Vancouver Burrardview Housing Co-operative $241,726
Burnaby Byrne Creek Housing Co-operative $646,450
Abbotsford Clearwater Housing Co-operative $203,553
Delta Cougar Canyon Housing Co-operative $92,700
Vancouver Domego Housing Co-operative $9,345
Vancouver Eburne Landing Housing Co-operative $132,265
Vancouver Eight Oaks Housing Co-operative $296,026
Coquitlam Garden Court Housing Co-operative $822,191
Vancouver H W Flesher Housing Co-operative $533,917
Vancouver Harbour Cove Housing Co-operative $46,861
Vancouver Inti Housing Co-operative (1985) $175,038
Victoria Krisineleos Housing Co-operative $39,607
Vancouver Laura Jamieson Housing Co-operative $68,001
Victoria Lavender Housing Co-operative $253,596
Vancouver Lynn Valley Co-operative Housing Association $210,523
Burnaby Mosaico (1985) Housing Co-operative $503,523
Port Moody Noons Creek Housing Co-operative $335,624
Vancouver Northern Way Housing Co-operative $75,226
New Westminster Queens Avenue Housing Co-operative $86,664
Vancouver Rising Star Housing Co-operative $340,420
Kamloops Sahali Housing Co-operative $205,949
New Westminster Sapperton Terrace Housing Co-operative $537,793
Port Coquitlam Shaughnessy Housing Co-operative $90,230
Vancouver Sojourn Housing Co-operative $26,011
Victoria Springridge Co-operative Housing $13,862
Victoria Springridge Co-operative Housing $48,334
Victoria Springridge Co-operative Housing $12,364
Vancouver Still Creek Housing Co-operative $111,060
Vancouver Sunrise Housing Co-operative $128,896
Vancouver Sunshine Housing Co-operative $445,806
Victoria Superior Street Housing Co-operative $126,490
Nelson The Links Housing Co-operative $101,501
Surrey Totem Housing Co-operative $273,700
Victoria Waterside Housing Co-operative $108,539
Castlegar Woodland Park Housing Co-operative $56,307

Contact Information

  • CMHC
    Jeanette Wilkinson
    Media Relations, BC
    604-737-4025
    or
    CMHC
    Charles Sauriol
    Media Relations
    613-748-2799
    www.cmhc.ca
    or
    Office of Minister Finley
    Michelle Bakos
    819-994-2482