Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

August 14, 2009 23:59 ET

Social Housing in the Regional Municipality of Waterloo Being Renovated

WATERLOO REGION, ON, Aug. 14 - The Government of Canada and the Province of Ontario today announced that the Nith Terrace Senior Citizens Apartments in New Hamburg will receive support for repairs and renovations over the next two years.

The work will include elevator installation to improve health, safety and accessibility for residents.

The Nith Terrace Senior Citizens Apartments will receive $140,000 - part of a notional allocation of more than $18.5 million to the Regional Municipality of Waterloo to repair and retrofit existing local social housing units.

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.

Harold Albrecht, Member of Parliament for Kitchener-Conestoga, 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 Leeanna Pendergast, MPP for Kitchener-Conestoga, on behalf of the Honourable Jim Watson, Ontario Minister of Municipal Affairs and Housing, and Waterloo Regional Chair Ken Seiling made the announcement today.

"Renovation and retrofit projects, like this one, will improve the quality of life for residents by improving the security and affordability of their homes." said MP Albrecht. "Investments like these help boost the local economy by putting construction workers and trades people back to work and increasing the demand for materials."

"These repairs are another step towards improving social housing in Waterloo Region," said MPP Pendergast. "This new funding will help ensure that people living in social housing have a safe and reliable place to live. Ontarians deserve nothing less."

"The Social Housing Renovation and Retrofit Program funding will help our community housing providers to undertake some much needed capital repairs,"said Ken Seiling, Regional Chair. "At Nith Terrace, the installation of a new lift will enhance the quality of life of residents and will greatly improve accessibility for those who live on the second floor."

Ontario is moving quickly to invest a total of $704 million to repair eligible social housing across the province. In an effort to get shovels in the ground quickly, projects must be committed by the end of the fiscal years 2010 and 2011.

The funding will help improve the quality of life for residents living in social housing communities. Funding will be used to renovate and make energy-saving upgrades to existing social housing as well as to undertake accessibility modifications for the benefit of 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.

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.

Last month, the Government of Canada and the Province of Ontario announced a series of investments of more than $75 million to fund 38 construction-ready projects throughout the province under the amended Canada-Ontario Affordable Housing Program Agreement.

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.

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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; Jill Noble, Canada Mortgage and Housing
    Corporation, (416) 250-2761; Adam Grachnik, Office of Minister Watson, (416)
    585-6492