Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Canada's Economic Action Plan

Canada's Economic Action Plan

April 15, 2010 08:24 ET

Canada's Economic Action Plan Creates Jobs and Improves Social Housing in Prince Edward Island

CHARLOTTETOWN, PRINCE EDWARD ISLAND--(Marketwire - April 15, 2010) - The Government of Canada announced today that 9 Urban Native housing projects located in Prince Edward Island will receive more than $172,000, through Canada's Economic Action Plan, as part of the social housing renovation and retrofit investments.

"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 the Honourable Gail Shea, Minister of Fisheries and Oceans and Member of Parliament for Egmont, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC). "Funding renovation and retrofit projects, like these ones 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.

Nanegkam Housing Corporation will receive a contribution from the Government of Canada to replace windows and siding on 9 projects in their portfolio.

"Nanegkam Housing Corporation prides itself on providing adequate subsidized affordable housing for Aboriginal Peoples living off-reserve" says Chief and President Jamie Gallant. "The Executive and Board of Directors are extremely pleased to have received funding under the Renovation and Retrofit Initiative; with these funds we have been able to update a number of units throughout Charlottetown and Summerside, making these units more energy efficient within the Aboriginal community."

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

Contact Information

  • CMHC
    Atlantic Business Centre
    Jill Haverstock
    Communications & Marketing
    902-426-6581
    or
    CMHC
    Charles Sauriol
    Media Relations
    613-748-2799
    or
    Office of Minister Finley
    Michelle Bakos
    819-994-2482