BRAMPTON, ONTARIO--(Marketwire - Oct. 9, 2012) - The Governments of Canada and Ontario, and the Region of Peel celebrated the official opening of 94 new affordable housing rental units. The project is supported by more than $6 million in funding through the Canada-Ontario Affordable Housing Program. The construction of this project created up to 235 jobs in Ontario and helps to meet the housing needs of seniors and persons with special needs in Brampton.
Kyle Seeback, Member of Parliament for Brampton West, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Vic Dhillon, Member of Provincial Parliament for Brampton West, on behalf of the Honourable Kathleen Wynne, Ontario's Minister of Municipal Affairs and Housing, along with Emil Kolb, Region of Peel Chair made the announcement.
"Today's event is great news for seniors and individuals with special needs in Brampton," said MP Seeback. "This new project not only improves access to affordable housing and the quality of life of residents but it also helps to stimulate the local economy."
"This project is great news for residents in Brampton," said MPP Vic Dhillon. "Snelgrove Place provides a safe and affordable place for seniors to thrive independently within our community."
"Thanks to the collective efforts of public, private, non-profit and faith partners, we have successfully provided another 94 units of housing for seniors in our community," said Peel Regional Chair Emil Kolb. "The Region of Peel looks forward to continue working with our federal and provincial partners to provide more affordable housing opportunities like Snelgrove Place that help contribute to the well-being of our citizens."
The 94-unit project located at 12065 Hurontario Street North received more than $6 million through a joint investment under the Canada-Ontario Affordable Housing Program Agreement. The federal and provincial funding is complemented by almost $13.9 million in municipal financial incentives from the Region of Peel.
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 households. 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. Since 2009, the provincial government has provided nearly $183 million to build new rental housing units for low-income seniors and persons with disabilities. 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 (http://www.children.gov.on.ca/htdocs/English/breakingthecycle/index.aspx). Download a copy of the Government of Ontario's Long-Term Affordable Housing Strategy (http://www.mah.gov.on.ca/AssetFactory.aspx?did=8590). 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 CMHC 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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