Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Canada's Economic Action Plan

Canada's Economic Action Plan
Government of Ontario

Government of Ontario
Municipality of Chatham-Kent

Municipality of Chatham-Kent

November 10, 2010 10:00 ET

Governments of Canada and Ontario Celebrate New Affordable Housing in Chatham-Kent

CHATHAM, ONTARIO--(Marketwire - Nov. 10, 2010) - Ground was broken today for 24 new affordable housing units for low-income seniors and persons with disabilities in Chatham-Kent. The project received $2.88 million in funding from the federal and provincial governments.

Dave Van Kesteren, Member of Parliament for Chatham-Kent-Essex, 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 Pat Hoy, Member of Provincial Parliament for Chatham-Kent-Essex, on behalf of the Honourable Rick Bartolucci, Ontario's Minister of Municipal Affairs and Housing, along with Randy Hope, Mayor of Chatham-Kent, made the announcement.

"Through Canada's Economic Action Plan, our Government is taking concrete action to help ensure economic recovery and create the conditions for long-term growth," said MP Dave Van Kesteren. "Funding projects like this one will not only improve the overall housing conditions for seniors and persons with disabilities here in Chatham-Kent, but also help stimulate the local economy and create jobs."

"These new rental units will provide local seniors and persons living with disabilities with a safe, accessible and affordable place to call home," said MPP Pat Hoy. "This project is also part of our Open Ontario Plan to create jobs and economic opportunities in this region."

"This is a model of partnering by all three levels of government," said Chatham-Kent Mayor Randy Hope. "It has allowed us to achieve our goal of providing seniors and people with disabilities with access to safe and affordable housing in our community that truly meets their needs."

The 24 units are part of an affordable housing project located at 5 Tecumseh Road in Chatham, which received $ 2.88 million. The federal and provincial funding is complemented by $867,500 in municipal financial incentives.

The Government of Canada wants to ensure that Canadians on fixed incomes can live with independence and dignity and remain in their communities, close to family and friends. Canada's Economic Action Plan provides $475 million, over two years, to build new rental housing for low-income seniors and persons with disabilities. Overall, the Economic Action Plan includes $2 billion for the construction of new and the renovation of existing social housing, plus up to $2 billion in low-cost loans to municipalities for housing-related infrastructure. Canada's Economic Action Plan builds on the Government of Canada's commitment in 2008 of more than $1.9 billion, over five years, to improve and build new affordable housing and help the homeless.

In 2009, Ontario allocated a combined federal and provincial investment of $704 million for the renovation of social housing, and $540 million for the creation of new affordable housing. This investment will create an estimated 23,000 jobs over the course of the program, and strengthen local economies across the province. To date, Ontario has approved more than $515 million for construction-ready projects, which will provide affordable housing for low-income families, and senior citizens; and for persons with disabilities, and $522 million for repairs benefiting some 172,000 social housing units. To find out more about affordable housing in Ontario, visit www.ontario.ca/housing.

More information on this and other measures in Canada's Economic Action Plan 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.

Disponible en francais

For more information, visit: www.cmhc.cawww.ontario.ca/housing.

Contact Information

  • Media Inquiries:
    CMHC
    Angelina Ritacco
    416-218-3320
    or
    Office of Minister Finley
    Michelle Bakos
    819-994-2482
    or
    Office of Minister Bartolucci
    Laura Blondeau
    416-585-7171
    or
    Municipality of Chatham-Kent
    Shelley Wilkins
    519-351-8573