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 Toronto

TORONTO, July 3 - The Government of Canada, the Province of Ontario
and the City of Toronto today announced $4.4 million to fund a
construction-ready affordable housing development in Toronto.

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 WoodGreen
Community Housing to build 44 units of affordable housing for single mothers
and their children.

Peter Kent, Minister of Sate of Foreign Affairs (Americas), 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 Kathleen Wynne, Minister of Education and Member of
Provincial Parliament for Don Valley West, on behalf of the Honourable Jim
Watson, Ontario Minister of Municipal Affairs and Housing, along with City of
Toronto Councillor Pam McConnell, Vice-Chair of the Affordable Housing
Committee, on behalf of Mayor David Miller, 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 Minister Kent. "With this
investment in Toronto, we are making an important difference in the lives of
some of our community's most vulnerable citizens. Low-income families will
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 MPP Wynne. "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."

"The City of Toronto is thrilled to be working with WoodGreen Community
Housing and our government partners to provide new stable and affordable homes
for young mothers in need. Most importantly, this project will give a head
start and secure future for the children who will live here, said Councillor
Pam McConnell. "Investments in new affordable housing have a significant role
to play in powering the economic recovery, while providing new housing
opportunities for the people of Toronto."

The City of Toronto is contributing financially to this development
through the waiving of property taxes, development charges and building permit

"WoodGreen is thrilled to be moving forward with our expansion project
that will see 44 new units of housing built at Homeward Bound, providing even
more single mothers and their children with an opportunity to transition from
homelessness to complete economic self-sufficiency," said Brian Smith,
WoodGreen Community Services President and CEO. "We are grateful for the
support of the Government of Ontario and CMHC as we bring innovative solutions
like Homeward Bound to bear on critical social issues facing Toronto."

WoodGreen's ground breaking Homeward Bound program helps single mothers
transition from living in a shelter to complete economic self sufficiency by
providing affordable housing, subsidized child care, a college education,
employment training and a guaranteed job--all under one roof. Homeward Bound's
success has been so profound, WoodGreen is breaking ground to more than double
the program's capacity and provide coordinated services and housing for a
total of 76 families on the Homeward Bound campus.

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

To City of Toronto participates and delivers the Affordable Housing
Program through the city's Affordable Housing Office. Information on accessing
affordable housing opportunities can be found at

WoodGreen is a leader in social innovation, building on 75 years of
creating long-term solutions to the most critical social issues facing our
city. Located in Toronto's east end, WoodGreen is one of our city's largest
social service agencies. Ever year, WoodGreen helps over 37,000 people and
families at 20 locations. We create opportunities for Toronto's most
vulnerable to break free of the cycle of poverty.

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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)
    585-6492; Sean Gadon, City of Toronto, Affordable Housing Office, (416)