Canadian Funding Corp Reviews CMHC Affordable Housing Reports

Canadian Funding Corp on CMHC Affordable Housing – Funding of $2. 4 million for 20 new affordable housing rental -units for seniors living on low income was announced today in Quinte West (Trenton Ward).

Rick Norlock, Member of Parliament for Northumberland – Quinte West, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Lou Rinaldi, Member of Provincial Parliament for Northumberland – Quinte West and Parliamentary Assistant to the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing, along with Ron Emond, Warden, County of Hastings and John Williams, Mayor, Quinte West, made the announcement.

“The Government of Canada is helping Canadians during these tough economic times and giving hope to seniors who need quality, affordable housing that meets their needs,” said MP Norlock. “This investment is possible through Canada’s Economic Action Plan, the federal government’s plan to stimulate the economy and create jobs during the global recession. For Ontario, this includes a $1.2 billion joint investment.”

“New housing initiatives add significant support to the McGuinty government’s Poverty Reduction Strategy,” said MPP Rinaldi. “We will continue to work with our municipal partners to ensure more units are built during the life of this program.”

“The support of both the federal and provincial governments is crucial to our collective attempts to find housing that is affordable for those in search of an adequate, affordable home,” said Warden Emond. “With over 1300 households still on our affordable housing wait list the challenge is great but with today’s announcement we are making a real difference here in the City of Quinte West.

More Views of Quinte West

“Quinte West looks forward to the 20 new affordable rental units,” said Mayor Williams. “This will allow seniors living on fixed incomes, to live here in the City, closer to family and friends.”

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 new and existing social housing, plus up to $2 billion in 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 the next five years, to improve and build new affordable housing and help the homeless.

Today’s announcement celebrated the funding for 20 new affordable rental units at Riverview Residence, 135/137 Ontario Street in Trenton. The project is sponsored by the County of Hastings.

Ontario is moving quickly to implement this additional funding. The province has already approved more than $172 million for construction-ready projects, which will improve access to affordable housing for low-income families, seniors and persons with disabilities across the province. It will also create jobs and strengthen local economies. To find out more about affordable housing in Ontario, visit www.mah.gov.on.ca.

Funding of almost $23 million for 218 new affordable rental housing units for low-income families, seniors and singles was announced today in Toronto.

Lois Brown, Member of Parliament for Newmarket – Aurora, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC); and George Smitherman, Member of Provincial Parliament for Toronto Centre, on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing; along with City of Toronto Councillor Pam McConnell, Ward 28 Toronto Centre – Rosedale, on behalf of Mayor David Miller and City Council, and David Mitchell, Chair, Toronto Community Housing, made the announcement.

“Our government is helping Canadians during these tough economic times and giving hope to seniors, families and individuals who need quality, affordable housing that meets their needs,” said MP Brown. This investment is possible through our government’s Economic Action Plan, that stimulates the economy and creates jobs during this global recession For Ontario, this includes a $1.2 billion joint investment.”

“This project represents our government’s commitment to ensuring residents in Toronto and throughout Ontario have access to affordable housing,” said MPP George Smitherman. “It will not only add significant support to the Province’s efforts to reduce poverty, but will also mean the creation of hundreds of jobs for our workers.”

“The West Don Lands neighbourhood will be a wonderful addition to our city. This community will be a beautiful, sustainable, and welcoming place for everyone to live, work, and play. I am very pleased that the City of Toronto contributed $4.3 million in waived development fees and charges and property tax exemptions to help create affordable housing for seniors and families.” said Councillor McConnell, vice-chair of the Affordable Housing Committee.

“There remains a vast need for more affordable housing and Toronto Community Housing applauds the three levels of government for responding to this need,” said Toronto Community Housing chair David Mitchell. “It’s a great opportunity to help us achieve our mandate of providing quality housing for low-and moderate-income singles, families and seniors in Toronto.”

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 new and existing social housing, plus up to $2 billion in 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 the next five years, to improve and build new affordable housing and help the homeless.

Today’s announcement celebrates funding for 218 units in two projects located at King and River Streets that will provide a total of 243 units of affordable rental housing for low-income families, singles and seniors. These homes are being developed by Toronto Community Housing and are part of the West Don Lands revitalization. The City of Toronto is increasing the number of affordable homes to 243 from 218 by directing an additional $7.49 million to this development from the provincial Developing Opportunities for Ontario Renters (DOOR) funding program, made possible through the federal Housing Trust.

Ontario is moving quickly to implement this additional funding. The province has already approved more than $172 million for construction-ready projects, which will improve access to affordable housing for low-income families, seniors and persons with disabilities across the province. It will also create jobs and strengthen local economies. To find out more about affordable housing in Ontario, visit www.mah.gov.on.ca.

THE WEST DON LANDS DEVELOPMENT

Canadian Funding Housing reviews family housing project. The Honourable Daniel Lang, Senator (Yukon), on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Jim Kenyon, Minister Responsible for the Yukon Housing Corporation and the Honourable Marian Horne, Yukon Minister Responsible for the Women’s Directorate, launched the construction phase of a Whitehorse Affordable Family Housing project today.

The $8.5 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 the Yukon, to support the renovation and the construction of new social housing units. Overall, the Economic Action Plan includes $2 billion for new and existing social housing, plus up to $2 billion in loans to municipalities for housing-related infrastructure.

“The Government of Canada is committed to making affordable housing available in the Yukon and across Canada for those who need it most,” said Senator Lang. “We are also making an important difference in the lives of individuals and families in Whitehorse who are working towards building a stronger and better future for themselves.”

“With funding from the Government of Canada, Yukon government is launching several important housing projects in the territory,” said Minister Kenyon. “Construction of the Whitehorse Affordable Family Housing is creating jobs for Yukoners and will provide much-needed housing for lone-parent families.”

Construction of the 32-unit apartment-style affordable housing project on Nisutlin Drive in Whitehorse will continue throughout the winter, generating employment for trades. Completion is anticipated for the fall of 2010. The two-storey wood frame construction will feature SuperGreen energy efficiency standards and Accommodating Home standards for a barrier-free living environment. The contract for the construction of the four 8-plex buildings was awarded to NGC Builders Ltd.

“In November 2007, our government consulted with women’s organizations, women’s shelters and social housing tenants. Affordable housing for lone-parent families was identified as the greatest immediate need,” said Minister Horne.

Another project in Whitehorse funded through Canada’s Economic Action Plan is a renovation that will result in three units for adults living with Fetal Alcohol Spectrum Disorder. The federal contribution to the project is $70,000. Work will be completed this fall through the Options for Independence Society.