Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 03, 2009 23:59 ET

Construction-ready affordable housing projects in Ontario receive $52.2 million

OTTAWA, July 3 /CNW/ - The Government of Canada and the Province of
Ontario announced today more than $52.2 million to fund 23 construction-ready
projects throughout Ontario.

The funding was made available as a result of a $1.2 billion joint
investment under the amended Canada-Ontario Affordable Housing Program
Agreement, which includes funding through Canada's Economic Action Plan and by
the Government of Ontario. The federal and provincial governments are
contributing equally to this overall investment.

The Honourable Diane Finley, Minister of Human Resources and Skills
Development Canada and Minister Responsible for Canada Mortgage and Housing
Corporation (CMHC) and the Honourable Jim Watson, Ontario Minister of
Municipal Affairs and Housing, made the announcement today.

"We are dedicated to helping vulnerable Canadians access suitable,
affordable housing," said Minister Finley. "As well, we're committed to
improving existing social housing both in Ontario and across Canada."

"New housing initiatives add significant support to the McGuinty
government's Poverty Reduction Strategy," said Minister Watson. "This first
wave of funding will lead to construction by September and we will continue to
work with our municipal partners to ensure more units are built during the
life of this program."

Ontario is moving quickly to implement this new funding with 23
quick-start projects totalling more than $52.2 million - all of which will
begin construction before the end of September 2009. These projects will
improve access to affordable housing for low-income families, seniors and
persons with disabilities. They will also create jobs and strengthen local
economies. To find more about affordable housing in Ontario, visit
www.mah.gov.on.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. For more information on
Canada's Economic Action Plan, call 1-800-O Canada or visit
www.actionplan.gc.ca.

Learn more:

The complete list of affordable housing projects announced today is
attached.

Disponible en français

For more information visit: http://www.cmhc.ca / www.ontario.ca/housing



BACKGROUNDER

The Extended Canada-Ontario Affordable Housing Program
As of July 3, 2009

The Government of Canada and the Province of Ontario announced today more
than $52.2 million to fund 23 construction-ready projects throughout Ontario.
The funding was made available as a result of a $1.2 billion joint
investment under the amended Canada-Ontario Affordable Housing Program
Agreement, which includes funding through Canada's Economic Action Plan and by
the Government of Ontario. The federal and provincial governments are
contributing equally to this overall announcement.

Toronto
-------

- $4.4 million for phase two of the Homeward Bound project. The 44-unit
project is sponsored by WoodGreen Community Housing Inc., and the
units will be occupied by low-income families and individuals.

City of Hamilton
----------------

- $880,000 for an additional 11 units project sponsored by Spallacci
Contracting Ltd. The units will be occupied by low-income seniors.

- $5.7 million for a 63-unit project sponsored by T. Valeri
Construction Ltd. The units will be occupied by low-income seniors.

- $560,000 for seven units sponsored by Halton Heritage Realty Inc. The
units will be occupied by low-income seniors.

Kawartha Lakes
--------------

- $2.2 million for an 18-unit project sponsored by Kawartha Lakes
Haliburton Mental Health Services. The units will be occupied by
individuals with disabilities.

- $6.1 million for a 51-unit project sponsored by the Community Care
City of Kawartha Lakes. The units will be occupied by seniors and
individuals with disabilities.

Lambton
-------

- $560,000 for eight units sponsored by 1744514 Ontario Ltd. The units
will be occupied by low-income seniors.

- $5.9 million for a 57-unit project sponsored by the Corporation of
the County of Lambton. The units will be occupied by low-income
seniors and individuals with disabilities.

City of Ottawa
--------------

- $6 million for a 55-unit project sponsored by Shepherds of Good Hope.
The units will be occupied by individuals with disabilities and
seniors.

- $720,000 for a six-unit project sponsored by the City of Ottawa. The
units will be occupied by low-income families.

Peterborough
------------

- $2.2 million for an 18-unit project sponsored by Otonabee South
Monaghan. The units will be occupied by low-income seniors.

- $2.2 million for an 18-unit project sponsored by Peterborough Housing
Corporation. The units will be occupied by low families and
individuals, including seniors.

- $1.2 million for a 12-unit project sponsored by the TVM Group. The
units will be occupied by families and individuals with disabilities.

- $600,000 for six units sponsored by ECE Living. The units will be
occupied by low income seniors and individuals.

- $280,000 for four units sponsored by the TVM Group. The units will be
occupied by low-income individuals.

- $960,000 for eight units sponsored by Brock Street Mission. The
units will be occupied by low-income individuals.

- $480,000 for four units sponsored by Peterborough Housing Corporation
in Lakefield. The units will be occupied by low-income seniors

- $120,000 for a one unit sponsored by Peterborough Community Housing
Development Corporation. The units will be occupied by a low-income
family.

Prescott & Russell
------------------

- $140,000 for two units sponsored by La Corporation de logement de
Rockland. The units will be occupied low-income seniors.

City of London
--------------

- $1.6 million for a 39-unit project sponsored by Southdale Apartments
Inc. The units will be occupied by low-income families and
individuals with disabilities.

City of Waterloo
----------------

- $5.4 million for a 45 -unit project in sponsored by Newo Holdings
Ltd. The units will be occupied by low-income seniors.

- $480,000 for four units sponsored by MennoHomes Inc. The units will
be occupied by low-income families.

- $3.6 million for a 30-unit project sponsored by Supportive Housing of
Waterloo. The units will be occupied by low-income families and
persons with disabilities.

Disponible en français

For more information visit: http://www.cmhc.ca
www.ontario.ca/housing

Contact Information

  • Michelle Bakos, Office of
    Minister Finley, (819) 994-2482; Nicole Burgers, Canada Mortgage and Housing
    Corporation, (416) 250-2760; Adam Grachnik, Office of Minister Watson, (416)
    585-6492