Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

June 06, 2009 23:59 ET

Canada's economic action plan makes housing a priority

KINGSTON, ON, June 6 - Low-income Canadians, including
seniors and persons with disabilities will be well served by funding to
renovate and build new social housing across Canada, thanks to Canada's
Economic Action Plan, Ed Komarnicki, Parliamentary Secretary to the Honourable
Diane Finley, Minister of Human Resources and Skills Development Canada and
Minister Responsible for Canada Mortgage and Housing Corporation (CMHC),
highlighted today, while visiting Kingston Co-operative Homes Inc.

"Housing is a priority for our government," said Parliamentary Secretary
Komarnicki. "People across Canada, including seniors, persons with
disabilities, First Nations, and those living in Canada's North, will benefit
from this investment, which will help to ensure that we continue to offer safe
and affordable housing to Canadians."

Canada's Economic Action Plan includes more than $2 billion to build new
and renovate existing social housing. Of the $2 billion: $1 billion is for
renovations and upgrades; $475 million is for low-income seniors and persons
with disabilities; $400 million is for on-reserve communities; and $200
million is for housing in the North.

"Since our government made this announcement in January, we have been
making real progress in delivering the funds," added Parliamentary Secretary
Komarnicki. "The spin-off benefits are tremendous. We're putting Canada's
economy back on the path to growth and making a real and lasting difference
for Canadians coast-to-coast-to coast."

As Canada's national housing agency, CMHC draws on more than 60 years of
experience to help Canadians access a variety of quality, environmentally
sustainable, and affordable homes -- homes that will continue to create
vibrant and healthy communities and cities across the country.

More information on this and other measures in Canada's Economic Action
Plan, a plan to stimulate the economy and protect those hit hardest by the
global recession, can be found at: or by calling 1-800-O

For more information on CMHC's initiatives for Canadians and communities
under Canada's Economic Action Plan, CMHC's website at: or by phone at 1-800-668-2642.

Contact Information

  • Kristen Scheel, CMHC Media Relations, (613)
    316-2949; Michelle Bakos, Office of the Honourable Diane Finley, Minister of
    Human Resources and Skills Development Canada, (613) 218-9288