Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 03, 2009 23:59 ET

Construction set to begin on new affordable housing projects in Hamilton

HAMILTON, ON, July 3 - The Government of Canada, the Province of
Ontario and the City of Hamilton today announced more than $7.1 million to
fund three construction-ready projects in Hamilton.
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 applications by Spallacci
Contracting Ltd, T. Valeri Construction Ltd. and Halton Heritage Realty Inc.
to build 81 units of affordable housing for low-income seniors.
David Sweet, Member of Parliament for
Ancaster-Dundas-Flamborough-Westdale, 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 Sophia
Aggelonitis, Member of Provincial Parliament for Hamilton Mountain, on behalf
of the Honourable Jim Watson, Ontario Minister of Municipal Affairs and
Housing; along with Fred Eisenberger, Mayor of the City of Hamilton 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 Sweet. "With these
investments in Hamilton and Waterdown, we are making an important difference
in the lives of some of our community's most vulnerable citizens, Low-income
seniors will have access to quality, affordable rental 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 Aggelonitis. "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 Hamilton is very pleased to once again partner with our
Federal and Provincial Governments through the Canada-Ontario Affordable
Housing Program," said Mayor Eisenberger. "These projects will create new
affordable rental housing for seniors in areas of the City where demand is
high. Not only will this partnership help us meet the housing needs of some of
our elderly citizens, it will also create economic opportunities and
construction jobs in our community."
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
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.

Disponible en français

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

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