Canada's Economic Action Plan

Canada's Economic Action Plan
GOVERNMENT OF YUKON

GOVERNMENT OF YUKON
Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Yukon Housing Corporation

Yukon Housing Corporation

August 31, 2010 15:00 ET

Governments of Canada and Yukon Open New Affordable Seniors' Housing in Faro

FARO, YUKON--(Marketwire - Aug. 31, 2010) - The Honourable Daniel Lang, Senator (Yukon), on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Marian Horne, Minister of Justice, on behalf of the Honourable Jim Kenyon, Minister Responsible for Yukon Housing Corporation, officially opened the Faro Seniors Facility today.

The $2 million federal contribution to the project comes through Canada's Economic Action Plan, the government's plan to stimulate the economy and create jobs during the global recession. Recognizing the distinctive needs of the North, Canada's Economic Action Plan provides $200 million, over two years, including $50 million for Yukon, to support the renovation and the construction of new social housing units. 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. 

"This investment in affordable housing for seniors in Yukon is made possible through Canada's Economic Action Plan," said Senator Lang. "The Government of Canada remains committed to making safe affordable housing more accessible for all Canadians. Today's official opening helps to achieve that goal here in Faro – we are proud to be part of that achievement."

"Funding from Canada has enabled the Yukon government to construct significant housing projects in the territory," said Minister Kenyon. "It's important for seniors in Yukon's rural communities to have appropriate housing that supports the generation's needs."

The new seniors' residence contains six single bedroom units. The building meets Yukon's Super GreenHome energy efficiency standards and Accommodating Home standards for a barrier-free living environment. Tenants will start moving in this fall. Along with the $2 million federal contribution, the project also includes $200,000 in funding from Yukon's Seniors' Housing Management Fund.

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.

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: 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.

To learn more about Yukon Housing Corporation and its energy standards visit www.housing.yk.ca.

Contact Information

  • Government of Yukon
    Emily Younker
    Cabinet Communications Advisor
    867-633-7961
    emily.younker@gov.yk.ca
    or
    Yukon Housing Corporation Communications
    Nathalie Ouellet
    867-667-5075
    nathalie.ouellet@gov.yk.ca
    or
    Canada Mortgage and Housing Corporation
    Prairie and Territories Business Centre
    Kimberlee Jones
    Communications Consultant
    403-515-3048
    kjones@cmhc-schl.gc.ca
    or
    Office of Minister Finley
    Michelle Bakos
    Press Secretary
    819-994-2482