Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 20, 2009 23:59 ET

Hastings County celebrates new affordable housing

BELLEVILLE, ON, July 20 - The Government of Canada, the Government
of Ontario, and Hastings County today celebrated 40 affordable housing units
in six new projects. The projects are supported by $2.8 million in funding
under the Canada-Ontario Affordable Housing Program.

Daryl Kramp, Member of Parliament for Prince Edward-Hastings, on behalf
of the Honourable Diane Finley, Minister of Human Resources and Skills
Development Canada, and Minister responsible for Canada Mortgage and Housing
Corporation; the Honourable Leona Dombrowsky, Minister of Agriculture, Food
and Rural Affairs and Member of Provincial Parliament for Prince
Edward-Hastings, on behalf of the Honourable Jim Watson, Minister of Municipal
Affairs and Housing; Hastings County Warden Ron Emond; and affordable housing
sponsors Ken and Gus Papakiriazis of K&G Holdings, Chris Zavos and Adam
Zegouras of 792169 Ontario Inc., and Phil and Gord Spry of Springale
Development Inc. attended the event.

"The Government of Canada is committed to making affordable housing
available in Ontario and across Canada for those who need it most," said MP
Kramp. "Here in Hastings County, the creation of these units will help people
in our community access suitable, affordable housing that meets their specific
needs."

"Through the construction of safe affordable housing, we are helping
vulnerable people establish and maintain the stability that so many of us
simply take for granted," said Minister Dombrowsky. "These housing
developments will make a positive difference in the lives of the people who
will call them home."

Today's announcement recognized six affordable housing projects in
Hastings County, totalling over $3.2 million in capital costs:

- The official opening of an 18-unit project in Belleville is sponsored
by Springale Development Inc. The project received more than $1.2
million under the Canada-Ontario Affordable Housing Program. The
units will be occupied by individuals living on low-income.

- A 6-unit project in Trenton, sponsored by K&G Holdings, received
$420,000 in funding under the Canada-Ontario Affordable Housing
Program for low-income individuals.

- A 3-unit project in Frankford, sponsored by K&G Holdings, received
$210,000 in funding under the Canada-Ontario Affordable Housing
Program for low-income individuals.

- A 10-unit project in Bancroft, sponsored by Ken Papakiriazis,
received $700,000 under the Canada-Ontario Affordable Housing
Program. The units will be occupied by low-income individuals.

- A 2-unit project in Tweed, sponsored by Chris Zavos and Adam Zegouras
of 792169 Ontario Inc., received $140,000 under the Canada-Ontario
Affordable Housing Program. The units will be occupied by low-income
individuals.

- A 1-unit project in Frankford, sponsored by K&G Holdings, received
$70,000 under the Canada-Ontario Affordable Housing Program. The unit
will be occupied by low-income individuals.

"Hastings County is committed to providing safe, moderate, affordable
housing for all its residents," said Warden Emond. "The opening of these
projects illustrate that with the support of both federal and provincial
governments, our commitment will become a reality".

The Canada-Ontario Affordable Housing Program Agreement, signed in 2005,
comprises a commitment of $301 million from each of the two senior levels of
government. In total, the federal, provincial and municipal governments will
invest at least $734 million in the program, which will provide affordable
housing for up to 20,000 households in Ontario.

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. Combined for Ontario, this means a further
$1.2-billion joint investment under the amended Canada-Ontario Affordable
Housing Program Agreement. The federal and provincial governments are
contributing equally to this overall investment.

Ontario is moving quickly to implement this additional funding, which
increases the number of "quick start" projects to 36 totaling over $70 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
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: www.cmhc.ca
www.ontario.ca/housing

Contact Information

  • Michelle Bakos, Office of Minister Finley,
    (819) 994-2482; Adam Grachnik, Minister Jim Watson's Office, (416) 585-6492;
    Scott Robertson, Manager, Housing Programs Branch, Hastings County, (613)
    968-3465; Randy Hodge, Acting Director, Housing Division, Ministry of
    Municipal Affairs and Housing, (416) 585-6566; Leslie Pawlowski, Canada
    Housing and Mortgage Corporation, (416) 250-3297