Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 13, 2009 23:59 ET

Construction set to begin on new affordable housing in Caledon

CALEDON, ON, July 13 - The Government of Canada, the Province of
Ontario and the Region of Peel today announced $1.8 million to fund a
construction-ready project in Caledon.

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.

Today's announcement recognized the successful application by Abbeyfield
Houses Society of Caledon to add 12 units of affordable housing for low-income

David Tilson, Member of Parliament for Dufferin-Caledon, on behalf of the
Honourable Diane Finley, Minister of Human Resources and Skills Development
Canada and Minister Responsible for Canada Mortgage and Housing Corporation
(CMHC); and Vic Dhillon, Member of Provincial Parliament for Brampton West, on
behalf of the Honourable Jim Watson, Ontario Minister of Municipal Affairs and
Housing; along with Region of Peel Chair Emil Kolb, made the announcement

"This Government is working hard to support Canadians during these
challenging economic times and we are moving aggressively to ensure Canada's
Economic Action Plan is implemented rapidly," said MP Tilson. "With these
investments in Ontario, we are making an important difference in the lives of
some of our community's most vulnerable citizens. Low-income seniors, families
and persons with disabilities will soon have access to suitable, affordable

"New housing initiatives add significant support to the McGuinty
government's Poverty Reduction Strategy," said MPP Dhillon. "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."

"This funding from both governments creates a win-win situation for all
stakeholders, as it will provide more homes for seniors and also help to
stimulate the local economy," said Chair Emil Kolb. "The Region of Peel is
also pleased to partner with Abbeyfield to provide the land and additional
funding for this much-needed development for seniors in the Caledon

Ontario is moving quickly to implement this new funding, which increases
the number of quick start projects to 35 totalling $66.1 million and which
will improve access to affordable housing for low-income families, seniors and
persons with disabilities. It will also create jobs and strengthen local
economies. To find out more about affordable housing in Ontario, visit

Last fall, the Government of Canada committed more than $1.9 billion over
the next five years to improve and build new affordable housing and to help
the homeless. Canada's Economic Action Plan builds on this with an additional
one-time investment of more than $2 billion over two years in new and existing
social housing and lending of up to another $2 billion to municipalities for
housing-related infrastructure.

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 For more information on
Canada's Economic Action Plan, call 1-800-O Canada or visit

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Contact Information

  • Media Inquiries: 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)