Canada's Economic Action Plan

Canada's Economic Action Plan

November 26, 2010 17:00 ET

Canada's Economic Action Plan Creates Jobs and Improves Social Housing in British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2010) - The Government of Canada announced today that 55 housing co-operatives located in British Columbia will receive more than $15.1 million through Canada's Economic Action Plan, as part of the social housing renovation and retrofit investments.

The announcement was made at the Kanata Co-operative Housing Association by the Honourable Diane Ablonczy, Minister of State (Seniors), on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

"Our Government is committed to giving a hand-up to Canadians who struggle to obtain the necessities," said Minister of State Ablonczy. "In these tough economic times, Canada's Economic Action Plan is providing Canadians not only with safe, affordable housing, but also with the jobs and opportunities they need, so they can strengthen and contribute to our communities."

The Government of Canada, through Canada's Economic Action Plan, announced $1 billion for social housing renovation and retrofit. Of the $1 billion, $850 million is being delivered by provinces and territories on a cost-matched basis for existing federally assisted social housing projects which they administer on behalf of the partnership. The remaining $150 million is being delivered by CMHC for existing federally assisted off-reserve housing which it directly administers. Eligible repairs include general improvements, energy efficiency upgrades or conversions, and modifications in support of persons with disabilities.

The housing co-operatives that will receive contributions from the Government of Canada are outlined in the attached backgrounder.

"The Co-operative Housing Federation of Canada (CHF Canada) is the organized voice of the Canadian Co-operative housing movement," said CHF Canada Executive Director, Nicholas Gazzard. "The federal government has responded to the financial need we identified with a stimulus funding program which will help to ensure that present and future residents have a safe, comfortable home for years to come."

"The members of the Kanata Co-op Housing Association are extremely grateful to the Government of Canada and CMHC for approving our grant to improve our heating by replacing furnaces for 142 units at our co-op," said Valerie Woodridge, President of the Kanata Co-op Housing Association. "Not only have these renovations improved the well-being of our residents, but they have also helped established our community for future generations."

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 ww.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 attached.

BACKGROUNDER

The housing co-operatives that will receive contributions from the Government of Canada being announced today are:

Location Housing Co-operative Funding
Victoria 1678 Fort Street Housing Co-operative $56,454
Abbotsford Abbotsford Co-op Housing Association $2,581
Abbotsford Abbotsford Co-op Housing Association $3,698
Vancouver Access Housing Co-operative $179,900
Burnaby Alberni Family Housing Co-operative $558,460
Vancouver Alexander Laidlaw Housing Co-operative $304,305
Victoria Alf Toone Housing Co-operative $16,354
Vancouver Amicae Housing Co-operative $131,714
Bowen Island Bowen Island Seniors' Housing Co-operative $19,488
Abbotsford Brooksford Place Housing Co-operative $100,619
Victoria Cameo Co-operative $309,756
North Vancouver Capilano Housing Cooperative $127,309
Vancouver Cedar Mill Housing Co-operative $761,003
Burnaby Centennial Park Housing Co-operative $107,825
Vancouver Charleston Terrace Housing Co-operative $283,112
Vancouver Chilean Housing Co-operative $309,820
Vancouver City Edge Housing Co-operative $516,826
Vancouver Community Alternatives Co-op $131,539
Victoria Craiglea Housing Co-operative $92,674
North Vancouver Creekside Housing Co-operative $370,300
Vancouver Dunbar Village Housing Co-operative $12,800
Vancouver Emma G Housing Co-operative $154,340
Coquitlam Falcon Crest Estates Housing Co-op $848,756
Vancouver False Creek Co-op Housing Association $1,419,538
Sooke Frances Gardens Co-op Housing Society $197,492
Richmond Garry Point Housing Co-operative $249,637
Victoria Greenway Housing Co-op $181,082
Victoria Hatley Park Housing Co-operative $342,300
Vancouver Helen's Court Co-operative Housing Association $600,981
Vancouver Heritage Housing Co-operative $684,411
North Vancouver Indian River Housing Co-operative $245,420
Vancouver Juniper Co-op Community Housing Association $59,186
Victoria Kailasa Housing Co-operative $67,024
Vancouver Kanata Co-op Housing Association $670,454
Vancouver Kaslo Gardens Housing Co-operative $201,042
Victoria Lang Cove Housing Co-operative $147,835
Vancouver Matheson Heights Housing Co-operative $107,089
Pitt Meadows Meadowlands Housing Co-operative $152,676
Victoria Mitraniketan Housing Co-operative $114,592
Burnaby Pine Ridge Housing Co-operative $579,970
Richmond Richmond Heights Housing Co-op $946,962
Richmond River's End Housing Co-operative $476,840
North Vancouver Riverwoods Housing Cooperative $170,369
Victoria Seawalk Housing Co-op $142,059
Vancouver Sitka Housing Co-operative (1985) $366,358
Surrey Spruce Housing Co-operative $394,201
Vancouver Strathcona Co-op Housing Association $120,430
Richmond Sundune Housing Co-operative $242,035
Vancouver Trafalgar Co-operative Housing Association $124,184
Vancouver Trout Lake Housing Co-operative $298,306
Vancouver Vera Housing Co-operative Association $65,324
Surrey Waldon Place Housing Co-operative $98,397
New Westminster Westminster Housing Co-op Inc $62,402
Victoria Wilderness Park Co-op Housing Association $27,720
Burnaby The Brambles Housing Co-operative $179,032

RENOVATION AND RETROFIT OF EXISTING SOCIAL HOUSING ADMINISTERED BY CMHC

The Government of Canada's commitment to affordable housing is significant.

Overall, Canada's Economic Action Plan provides a total of $7.8 billion to build quality housing, stimulate construction, create jobs, encourage home ownership and enhance the energy efficiency of Canadian homes. Canada Mortgage and Housing Corporation (CMHC) will deliver more than $2 billion to provide new and renovated housing for more than 200,000 Canadian households.

Co-operative and Non-Profit housing represents an important form of housing for many low and moderate-income households. A portion of the existing units are aging and require repairs and upgrading to meet modern energy efficiency and accessibility standards.

As part of Canada's Economic Action Plan, the federal government will invest $1 billion to renovate and retrofit existing social housing. Of this amount, $850M will be used for existing social housing projects administered by Provinces and Territories, which are in receipt of annual Federal funding. Provinces and Territories are required to cost-share this funding on a 50-50 basis and are responsible for program design and delivery.

The remainder of the $1 billion, $150 million will be delivered over two years to address the needs of existing social housing units directly funded and administered by CMHC. This $150 million is targeted, under the Renovation and Retrofit of Existing Social Housing Initiative (the "Renovation and Retrofit Initiative"), to off-reserve federally funded and administered social housing units currently subject to an operating agreement under a National Housing Act social housing program. The following criteria will apply to the $150M being delivered by CMHC:

  • This initiative will help address the demand for renovation, general improvement, energy efficiency upgrade or conversion, regeneration and modifications for persons with disabilities.
  • Applicants must have the capacity to undertake work quickly and must meet all other program eligibility criteria.
  • Priority will be given to sponsors who have managed their projects well and who do not have sufficient funds in their replacement reserve to carry out repairs.

Eligible repairs include, but are not limited to repairs to existing building components, replacement or construction of worn out major building components, major building services, basic facilities and equipment.

Contact Information

  • CMHC, B.C. Region
    Andrea Scott
    Media Inquiries
    604-737-4064
    www.cmhc.ca
    or
    Office of Minister Finley
    Michelle Bakos
    819-994-2482