Canada's Economic Action Plan

Canada's Economic Action Plan
Government of Canada

Government of Canada
Government of Ontario

Government of Ontario
County of Wellington

County of Wellington

November 22, 2010 10:00 ET

Governments of Canada and Ontario Celebrate New Affordable Housing in Guelph

GUELPH, ONTARIO--(Marketwire - Nov. 22, 2010) - Ground was broken today for 80 new affordable housing rental units for seniors living on low income in Guelph. The project received $9.6 million in funding from the federal and provincial governments.

The Honourable Michael Chong, Member of Parliament for Wellington-Halton Hills on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), Liz Sandals, Member of Provincial Parliament for Guelph, on behalf of the Honourable Rick Bartolucci, Ontario's Minister of Municipal Affairs and Housing, along with Gordon Tosh, Councillor, County of Wellington attended the ceremony. 

"Our Government is investing in safe affordable housing for seniors here in Guelph, to help create jobs and improve the quality of life for those who need it most," said MP Chong. "This investment, made possible through Canada's Economic Action Plan, means that more senior citizens can continue living independently in the community they call home."

"Quality, affordable housing is essential to the health and well-being of our seniors," said MPP Sandals. "As part of our Open Ontario plan, today's investment of $4.8 million by the Ontario government will stimulate the economy by creating jobs and supporting local businesses, but most importantly it will make a positive difference in the lives of many senior citizens right here in Guelph."

"The County of Wellington is pleased to support this affordable housing initiative. Finding suitable, affordable housing is a concern for many low-income seniors," said County of Wellington Warden Joanne Ross-Zuj. "This new 80 unit project will give local seniors a safe and comfortable place to call home and will allow them to remain in their community, close to family and friends."

The 80-unit project located at 400 Edinburgh Road North in Guelph received $9.6 million from the federal and provincial governments.

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 $400 million, over two years, to build new rental housing for low-income seniors. 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 is part of the Open Ontario plan, and 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 $519 million for construction-ready projects, which will provide affordable housing for low-income families, senior citizens, and persons with disabilities, and $525.45 for repairs benefiting some $173,425 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.ca, www.ontario.ca/housing

Contact Information

  • Media Inquiries:
    Canada Mortgage and Housing Corporation
    Jill Noble
    416-250-2761
    or
    Office of Minister Finley
    Michelle Bakos
    819-994-2482
    or
    Office of Minister Bartolucci
    Laura Blondeau
    416-585-7171
    or
    County of Wellington
    Andrea Ravensdale
    519-837-2600 x 2320