Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Canada's Economic Action Plan

Canada's Economic Action Plan

December 07, 2010 10:46 ET

Canada's Economic Action Plan Creates Jobs and Improves Housing on Reserve in Newfoundland and Labrador

SHESHATSHIU, NEWFOUNDLAND AND LABRADOR--(Marketwire - Dec. 7, 2010) - The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), announced today an investment of more than $490,000 as part of the year two funding through Canada's Economic Action Plan to improve housing conditions for the Sheshatshiu Innu First Nation community.

The Honourable Peter MacKay, Minister of National Defence and Minister responsible for Newfoundland and Labrador, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), made the announcement today.

"Year two of Canada's Economic Action Plan demonstrates that our Government remains committed to improving housing conditions for First Nation communities in Newfoundland and Labrador," said Minister MacKay. "Today's investment is part of $23 million in federal investments for First Nations in the Atlantic region to provide quality, affordable housing while creating jobs and stimulating the local economy."

Through Canada's Economic Action Plan, the Government of Canada has committed $400 million over two years to help over 495 First Nation communities build needed new housing, repair and remediate existing non-profit housing for their members, and complement housing programs offered by CMHC. This investment is also providing an economic stimulus for many First Nations and surrounding areas by creating jobs.

CMHC will allocate $172,000 to retrofit eight social housing units in Sheshatshiu as well as $319,000 for subsidy associated with two new housing units to be constructed in this Innu community. 

"The extra CMHC assistance through Canada's Economic Action Plan, allowed our community to combine it with various other resources to create four new houses and to complete a large number of much needed renovations. I stress that these results were over and above our regular housing program and provided better housing for many families that we would not otherwise have been able to deliver. This winter there are many people in our community grateful for the Action Plan funding," said Chief Sebastien Benuen of Sheshatshiu Innu First Nation.

More information on this and other measures in Canada's Economic Action Plan, the federal government's plan to stimulate the economy and protect those hit hardest by the global recession, can be found at: www.actionplan.gc.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

BACKGROUNDER

INVESTMENT TO IMPROVE ON-RESERVE SOCIAL HOUSING

The Government of Canada is committed to supporting First Nations through targeted investments to build and renovate housing. Today's announcement is the latest in a series of commitments by the federal government to improve housing conditions in First Nations communities. 

This commitment is in addition to the federal government's annual investment, through Canada Mortgage Housing Corporation (CMHC) and Indian and Northern Affairs Canada (INAC), of approximately $277 million for on-reserve housing needs, and INAC's investment of approximately $118 million annually for First Nations on-reserve in the form of shelter allowance payments under the Income Assistance Program.

Under Canada's Economic Action Plan, the Government of Canada has provided $400 million over two years to support on-reserve housing. Of the $400 million committed, $250 million is being delivered through CMHC over two years for the creation of new on-reserve housing ($125 million) and the repair and renovation of existing federally-assisted on-reserve social housing ($125 million). The remaining $150 million is being delivered by Indian and Northern Affairs Canada (INAC) for lot servicing, renovations, new construction of high-density multi-unit dwellings, and renovations to support the conversion of band-owned housing to private ownership.

In 2007, the Government invested $300 million in the First Nations Market Housing Fund, which encourages market-based housing on-reserve.

Contact Information

  • CMHC- Atlantic Region
    Katherine LeBlanc
    902-426-6581
    or
    CMHC Media Relations
    Charles Sauriol
    613-748-2799
    or
    Office of Minister Finley
    Michelle Bakos
    Press Secretary
    819-994-2482