Lanewood Development Corporation to Receive Funding for Brownfield Redevelopment

BRANTFORD, ONTARIO--(Marketwired - July 30, 2015) - Residents of Brantford will benefit from a brownfield redevelopment project thanks to joint funding from the Governments of Canada and Ontario through the Small Communities Fund.

This project includes the remediation of brownfield lands on Grand River Avenue to make way for the construction of affordable housing. The project is expected to increase the availability of affordable residential units for seniors in Brantford. The project announced today is among 77 recently selected projects, for approximately $260 million in joint federal and provincial funding, under the Small Communities Fund in Ontario.

The $1-billion Small Communities Fund provides funding for priority public infrastructure projects that deliver on local needs. Canada and Ontario will each provide $272 million to support projects in communities across the province with fewer than 100,000 residents. This funding will help address local priorities, supporting job creation and economic growth, thus sustaining a high quality of life in small communities across Ontario for years to come.

Quick Facts

• The Government of Canada has selected this project for funding consideration for up to $4,425,027 under the Small Communities Fund. This funding is conditional on the project meeting applicable federal eligibility requirements.
• The Province of Ontario will contribute up to $4,425,027to this project.
• The Lanewood Development Corporation will be responsible for all remaining costs of the project.

Quotes

"We are pleased to invest in projects such as the brownfield redevelopment on Grand River Avenue that will benefit our community by improving much needed local infrastructure.Our Government's commitment to municipalities, big and small, has never been stronger. Through the New Building Canada Plan Small Communities Fund we are investing in priority infrastructure projects that have a strong impact on the quality of life of Ontario's residents while helping job creation and economic growth."

Phil McColeman, Member of Parliament for Brant, on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs, and Minister of the Economic Development Agency of Canada for the Regions of Quebec

"With the demand for affordable housing outpacing the supply in Brantford, today's investment in the construction of 132 affordable rental units addresses an urgent local need. It's part of the largest infrastructure investment in Ontario's history -- more than $130 billion over 10 years - which is supported by a number of initiatives. Many families will now have stable, affordable homes to live in. Congratulations to all the partners for making this happen."

The Honourable Dave Levac, Member of Provincial Parliament for Brant

"Lanewood Development Corporation is enormously pleased to work in partnership with government at all levels to alleviate two of Brantford's most serious long-term problems: the existence of brownfields in the immediate vicinity of the Grand River, and the critical shortage of affordable housing. Public-private partnerships such as this provide an avenue for more cost effective and more equitable solutions to community problems than either sector can deliver alone.

Ajay Kaushik, Lanewood Development Corporation

Associated Links

To learn more about the Government of Canada's infrastructure programs, including the Small Communities Fund, please visit http://www.infrastructure.gc.ca/plan/nbcp-npcc-eng.html.

To find out more about Ontario's infrastructure programs, including the Ontario Community Infrastructure Fund, visit http://www.moi.gov.on.ca/en/infrastructure

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