Canada's Economic Action Plan

Canada's Economic Action Plan
Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Government of Canada

Government of Canada

March 29, 2010 09:00 ET

Canada’s Economic Action Plan Creates Jobs and Improves Social Housing in Ontario

BRANTFORD, ONTARIO--(Marketwire - March 29, 2010) - The Government of Canada announced today that three co-operatives located in Brantford and Hamilton will receive more than $270,000 through Canada's Economic Action Plan, as part of the social housing renovation and retrofit investments.

The announcement was made at Applegate Co-operative Homes in Brantford by Phil McColeman, Member of Parliament for Brant, 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 MP McColeman. "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 housing co-operatives that will receive contributions from the Government of Canada being announced today are:

Applegate Co-operative Homes (Brantford) $74,886
   
Wicklow Co-operative Homes (Brantford) $97,069
   
Appleridge Co-operative Homes Inc. (Hamilton) $99,144

"We applaud and thank the federal government, MP McColeman and CMHC for making a solid investment to help renovate and retrofit these affordable homes," said Ken Elliott, President of the Co-operative Housing Federation of Canada. "Today's announcement for those three non-profit housing co-operatives is an excellent example of stimulus funding that works towards preserving jobs, assisting the local economy and protecting valuable affordable housing assets for Canadians."

We are very pleased to be receiving the Renovation and Retrofit grant through Canada's Economic Action Plan to improve our cooperative," said Maureen Zotzman, President, Applegate Co-operative Homes Incorporated. "These significant renovations will have a tremendous positive impact for our members and their quality of life." 

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

  • Media inquiries:
    Stephen Derksen
    CMHC, Ontario Region
    416-218-3443
    or
    Charles Sauriol
    CMHC Media Relations
    613-748-2799
    or
    Michelle Bakos
    Office of Minister Finley
    819-994-2482