Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Canada's Economic Action Plan

Canada's Economic Action Plan

December 15, 2010 09:04 ET

Canada's Economic Action Plan Creates Jobs and Improves Housing on Reserve in Prince Edward Island

LENNOX ISLAND AND ABEGWEIT FIRST NATIONS, PRINCE EDWARD ISLAND--(Marketwire - Dec. 15, 2010) - The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), announced today an investment of close to $300,000 as part of the year two funding through Canada's Economic Action Plan to improve housing conditions for the Lennox Island and Abegweit First Nation communities. 

The Honourable Gail Shea, Minister of Fisheries and Oceans, 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 Prince Edward Island," said Minister Shea. "Today's investment will 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.

Some $23 million in federal investments through Canada's Economic Action Plan will be made available to First Nations in the Atlantic Provinces to address immediate housing needs.

CMHC will allocate $65,162 to retrofit eight existing housing units in Lennox Island and Abegweit as well as $231,200 for subsidies associated with one new housing unit to be constructed in each of the two First Nation communities. 

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.

Investment to Improve On-Reserve Social Housing

Canada Mortgage and Housing Corporation's CEAP Initiatives

Funding Breakdown

Prince Edward Island First Nation Communities

TOTAL – Prince Edward Island
Total Funding: $296,362
Retrofit: $65,162 (8 units – 2 communities)
New Construction: $231,200 (2 units – 2 communities)
Abegweit First Nation
Total CEAP Funding: $141,760
Retrofit: $26,160 (4 units)
New Construction: $115,600 (1 unit)
Lennox Island First Nation
Total CEAP Funding: $154,602
Retrofit: $39,002 (4 units)
New Construction: $115,600 (1 unit)

Contact Information

  • CMHC Atlantic
    Jennifer MacNeil
    902-406-7683
    or
    Office of Minister Finley
    Michelle Bakos
    Press Secretary
    819-994-2482
    or
    CMHC Media Relations
    Charles Sauriol
    613-748-2799