Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 03, 2009 23:59 ET

Construction set to begin on new affordable housing in London

LONDON, ON, July 3 - The Government of Canada, the Province of
Ontario and the City of London today announced $1.6 million to fund a
construction-ready project in London.

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 include 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 Southdale
Apartments Inc. to build 39 units of affordable housing for low-income
families and individuals with disabilities.

Ed Holder, Member of Parliament for London West, 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 the Honourable Deborah Matthews, Minister Responsible for Women's
Issues, Minister of Children and Youth Services, on behalf of the Honourable
Jim Watson, Ontario Minister of Municipal Affairs and Housing; along with Anne
Marie DeCicco-Best, Mayor of the City of London, made the announcement today.

"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 Holder. "With these
investments in London, we are making an important difference in the lives of
some of our community's most vulnerable citizens. Low-income families and
persons with disabilities will soon have access to quality, affordable housing
and services to meet their specific needs, while remaining close to their
families and friends."

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

"Working together with other levels of government is the most effective
way to address Canada's growing need for more affordable housing, and in doing
so, we are able to improve living conditions for the most vulnerable citizens
in our community, and across the country," said Mayor DeCicco-Best.

Ontario is moving quickly to implement this new funding with a total of
23 "quick start" projects totaling over $52.2 million - all of 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 more about affordable housing in Ontario, visit

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)