Posted by Moishe Alexander
The Government of Canada announced today an investment of almost $780,000 as part of Canada’s Economic Action Plan to improve housing conditions for much needed social housing renovation and retrofit both on and off reserve.
The Honourable Gail Shea, Minister of Fisheries and Oceans and Regional Minister for Prince Edward Island, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), made the announcement.
“Through Canada’s Economic Action Plan, our government is taking concrete action to help ensure our economic recovery and create the conditions for long-term growth,” said Minister Shea. “Funding new construction, and renovation and retrofit projects like these on and off reserve projects will not only improve the overall housing conditions, and quality of life of its residents by keeping their homes safe and affordable for years to come, but also help stimulate the local economy and create jobs.”
As of February 1, 2010, CMHC is accepting applications for year two funding of the Renovation and Retrofit Initiatives for both on and off reserve, and applications for New Construction funding on-reserve. Applications for this second round of funding will be accepted between February 1, 2010 and February 22, 2010.
Through Canada’s Economic Action Plan, over $180,000 in federal investments are being announced today for First Nations in Prince Edward Island to help address immediate housing needs. Abegweit First Nation is receiving funding to retrofit seven existing social housing units and Lennox Island First Nation is receiving funding to build one new social housing unit and retrofit four existing social housing units. This funding will help improve housing conditions in these First Nation communities.