Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 10, 2005 23:59 ET

Ottawa celebrates new affordable housing

OTTAWA, July 10 - The Government of Canada, the Government of
Ontario and the City of Ottawa today celebrated the start of construction of
the Beaver Barracks housing project that will create 248 new affordable
housing units in Ottawa. The project, developed by Centretown Citizens Ottawa
Corporation (CCOC), is supported by $18.3 million in funding through the
Canada-Ontario Affordable Housing Program.

Royal Galipeau, Member of Parliament for Ottawa-Orléans, 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 Jim Watson, Ontario's Minister of Municipal Affairs and
Housing; and Doug Thompson, the acting Mayor of Ottawa, attended the ceremony
today.

"We are proud to support community efforts that help find local solutions
to local problems," said MP Galipeau. "Through this investment, the Government
of Canada is helping to provide safe and supportive housing for seniors,
families and singles, including persons living with special needs, enabling
those people to turn a new page in their lives."

"Access to decent affordable housing is essential to the health and
well-being of our communities," said Minister Watson. "The 248 new homes
created at the Beaver Barracks project will make a positive and significant
difference in the lives of vulnerable persons in the City of Ottawa."

Today's announcement recognized the first phase of construction of the
affordable housing project at Beaver Barracks of which $18.3 million is from
the Canada-Ontario Affordable Housing Program. This federal and provincial
funding for this project is complemented by more than $11.9 million in
municipal financial incentives. CCOC's own equity and mortgage borrowing make
up the balance of the project's financing for a total investment of more than
$51 million.

"Access to affordable housing creates a stronger foundation in building a
healthy, sustainable community and city," said Acting Ottawa Mayor Doug
Thompson. "The City's commitment to provide financial grants and incentives to
developments - like Beaver Barracks - is part of Ottawa's long-range plan to
help almost 11,000 people in need of affordable housing."

"We've been developing and managing affordable housing for over 35 years,
but this is our largest and greenest development so far," said CCOC President
Luke Pelot. "It's exciting because this is the new way to build cities:
intensive urban developments that are affordable, sustainable and accessible,
and that support a diversity of ages, abilities, family types and sizes."

CCOC is a community-owned tenant and member-directed non-profit housing
organization that has been developing and managing affordable housing since
1974. When the Beaver Barracks project is completed, CCOC will own and manage
over 1550 units in 50 properties across downtown Ottawa.

The Canada-Ontario Affordable Housing Program 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 33 totaling over $54.7
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: http://www.cmhc.ca;
http://www.mah.gov.on.ca;
http://www.ccochousing.org;
http://www.beaverbarracks.ca

Contact Information

  • Michelle Bakos, Press Secretary, Office of
    Minister Finley, (819) 994-2482; Adam Grachnik, Minister Jim Watson's Office,
    (416) 585-6492; Leslie Pawlowski, Canada Mortgage and Housing Corporation,
    (416) 250-3297; Catherine Boucher, Centretown Citizens Ottawa Corporation,
    (613) 234-4065, ext. 231; Barre Campbell, City of Ottawa, (613) 580-2450