Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Government of Canada

Government of Canada
Government of Ontario

Government of Ontario
Canada's Economic Action Plan

Canada's Economic Action Plan
City of Ottawa

City of Ottawa

May 25, 2012 11:00 ET

Governments of Canada and Ontario Celebrate New Affordable Housing

OTTAWA, ONTARIO--(Marketwire - May 25, 2012) - Funding of almost $145 million for 1,282 new affordable housing rental units for seniors, persons with disabilities and families living on low-incomes was announced today in Ottawa. This funding under the Canada's Economic Action Plan and the Canada-Ontario Affordable Housing Program Agreement lends support to 27 affordable housing developments across Ontario and is creating 3,205 jobs.

The Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), and the Honourable Kathleen Wynne, Ontario Minister of Municipal Affairs and Housing and Minister of Aboriginal Affairs, along with Ottawa City Councillor Diane Holmes, on behalf of Mayor Jim Watson, made the announcement.

"Our Government's top priorities are job creation, economic growth and long-term prosperity for Canadians," said Minister Finley. "Through continued investments in housing, we are creating local jobs while helping to improve the quality of life in communities across Canada."

"I'm a firm believer that when we get people into safe, affordable housing, we are helping entire neighbourhoods," said Minister Wynne. "These projects will empower residents to live more independently, benefiting all our communities."

"Ottawa City Council is committed to helping Ottawa families not only find a place to call home, but keep it," said Mayor Jim Watson. "In 2011, our very first budget earmarked $14 million annually to tackle homelessness and poverty and we are delighted to partner with the Government of Canada and the Province of Ontario to do even more together."

Today's event was held at Beaver Barracks, a 254-unit affordable housing project located on Metcalfe, Argyle and Catherine Streets in downtown Ottawa. Centretown Citizens Ottawa Corporation (CCOC), the owner and developer of Beaver Barracks, received $490,000 in combined federal/provincial funding under Canada's Economic Action Plan and the Canada-Ontario Affordable Housing Program Agreement to create six new units of affordable housing, including apartments for persons with disabilities. The CCOC's Beaver Barracks development is a $65 million project. It benefitted from $12 million in capital grants and municipal financial incentives and $18.3 million in previously-announced federal and provincial assistance.

CCOC is a community-owned tenant and member-directed private 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 1,550 units in 50 properties across downtown Ottawa.

The Government of Canada, through CMHC, will invest more than $2 billion in housing this year. Of this amount, $1.7 billion will be spent in support of almost 605,000 households living in existing social housing. In Ontario, this represents some 237,750 individuals and families. These investments are improving the quality of life for low-income Canadians and households living in existing social housing, including individuals who are homeless or at-risk of homelessness, seniors, persons with disabilities, recent immigrants and Aboriginal people.

Ontario continues to build new affordable housing and repair existing units for Ontarians with housing needs. Ontario's overall investment of over $2.5 billion has translated into the construction and repair of more than 270,000 housing units and the provision of 35,000 rent supplements for Ontario families on fixed incomes. The province's Long-Term Affordable Housing Strategy sets a strong foundation for a more efficient, accessible affordable housing system in Ontario.

Affordable housing is a key component of Ontario's Poverty Reduction Strategy. Download a copy of the Government of Ontario's Long-Term Affordable Housing Strategy. To find out more about affordable housing in Ontario, visit www.ontario.ca/housing.

To find out more about how the Government of Canada and Canada Mortgage and Housing Corporation are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc.ca.

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BACKGROUNDER

New affordable housing rental units for seniors, persons with disabilities and families in Ontario

These projects received combined $144.93 million federal/provincial funding under Canada's Economic Action Plan and the Canada-Ontario Affordable Housing Program Agreement.

Community Project Number
of Units
Federal and
Provincial
Funding
Almonte 375 Country Street 20 $ 2.38 million
Amherstburg 440B Simcoe Street 20 $ 2.48 million
Dunnville 657 Lock Street West 21 $ 2.52 million
Eganville 30 Bell Street 12 $ 1.44 million
Elgin 68 Perth Street 12 $ 1.44 million
Georgina 11 Joel Avenue 4 $ 480,000
Hamilton 1429 Main Street East 46 $ 5.41 million
Hamilton 1489 Upper Gage Avenue 59 $ 5.32 million
Huntsville 32 Centre Street North 6 $ 720,000
Ingersoll 50 Garland Court 14 $ 1.2 million
Ingleside 43 Dickinson 21 $ 2.62 million
Iroquois Falls 142-160 Circle Street 10 $ 1.26 million
London 637 Dundas Street 72 $ 6.97 million
Niagara Falls 6909 Valley Way 34 $ 4.57 million
Niagara Falls 4410 Queen Street 20 $ 2.36 million
Ottawa 464 Metcalfe Avenue 6 $ 490,000
Parry Sound 7 Seguin Place Drive 5 $ 600,000
Parry Sound 26 Seguin Place Drive 5 $ 600,000
Richmond Hill 145 Essex Avenue 140 $ 16.8 million
Timmins 11 Spruce Street South 14 $ 780,000
Toronto 8 Chichester Place 210 $ 25.2 million
Toronto 100 Lower Ossington Avenue 179 $ 21.5 million
Toronto 589 King Street East 127 $ 16.5 million
Toronto 510 Bremner Blvd 180 $ 18 million
Trout Creek 181 McCarthy Street 5 $ 600,000
Windsor 11224-11230 Timber Bay 4 $ 341,814
Windsor 3441 Sandwich Street 36 $ 2.35 million
Total 27 projects 1,282 $ 144.93 million

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