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.

According to the CFC review of CMHC report, the Government of Canada, the Government of Ontario, Niagara Region, the City of St. Catharines, and Niagara Regional Housing today celebrated the start of construction of a new apartment complex that will provide nine units of affordable housing in St. Catharines. The project received $630,000 in funding through the Canada – Ontario Affordable Housing Program.

Rick Dykstra, Member of Parliament for St. Catharines, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation; Jim Bradley, MPP for St. Catharines, on behalf of the Honourable Jim Watson, Minister of Municipal Affairs and Housing; Niagara Regional Chair Peter Partington, and St. Catharines Mayor Brian McMullan made the announcement today.

“The Government of Canada is delivering on its commitment to help those at risk of becoming homeless,” said MP Rick Dykstra. “We are proud to support community efforts that help find local solutions to local problems. Through this investment, the Gateway Residential and Community Support Services and Mainstream Services, will provide safe and supportive housing to people with special needs, and help them turn a new page in their lives.”

“The McGuinty government is committed to working together with our partners to create housing for those who need it most,” said MPP Bradley. “I am very pleased that we are able to support Niagara Region and the City of St. Catharines in creating new supportive housing that will help the most vulnerable in our community to live in quality housing.”

The project, sponsored by Gateway Residential and Community Support Services of Niagara and Mainstream: An Unsheltered Workshop, will provide nine units of supportive housing for vulnerable persons in St. Catharines. Today’s federal and provincial allocation will be complemented by $125,850 in municipal financial incentives.

“This new 9-unit supportive housing development in downtown St. Catharines is another great example of partnership in action,” said Regional Chair Partington. “Increasing access to supportive housing will assist some of Niagara’s most vulnerable citizens. I am proud that Niagara Region is able to continue its legacy of Building Communities, Building Lives.”

“This project represents what can be achieved by government and community-based agencies when we work together,” said Mayor Brian McMullan. “As a result of this collaborative effort, some of our community’s most vulnerable citizens will have a safe and affordable home with the specialized supports they require — something they would not have had otherwise.”

“Gateway & Mainstream are proud to be entering into a partnership that will create nine new units of affordable supportive housing in downtown St. Catharines,” said Gateway Executive Director John Osczypko.

The Canada – Ontario Affordable Housing Program comprises a commitment of $301 million from each of the two senior levels of government. In total, the federal, provincial and municipal governments will invest at least $734 million in the program, which will provide affordable housing for 20,000 households in Ontario.

Last fall, the Government of Canada committed more than $1.9 billion over the next five years to improve and build new affordable housing and to help the homeless. Canada’s Economic Action Plan builds on this with an additional one-time investment of more than $2 billion over two years in new and existing social housing and lending of up to another $2 billion to municipalities for housing-related infrastructure.

PETERBOROUGH, May 1, 2009 — According to Moishe Alexander, CEO of the Canadian Funding Corporation, The Government of Canada, the Government of Ontario, and the City of Peterborough today announced the opening and the start of construction of the Anson House affordable housing developments in Peterborough. The three phases of this affordable housing project received more than $3 million in funding under the Canada – Ontario Affordable Housing Program.

Dean Del Mastro, Member of Parliament for Peterborough, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister responsible for the Canada Mortgage and Housing Corporation; Jeff Leal, Member of Provincial Parliament for Peterborough, on behalf of the Honourable Jim Watson, Minister of Municipal Affairs and Housing; and Peterborough Mayor Paul Ayotte attended the ceremony.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said MP Del Mastro, “The creation of these units here in Peterborough will provide lower-income singles, families and persons living with disabilities access to safe, affordable and quality housing, helping them to build a stronger future.”

“We are making steady progress in increasing the supply of affordable housing here in Peterborough,” said MPP Leal. “The McGuinty government and our partners are helping vulnerable people establish the stability that so many of us take for granted every day.”

Moishe Alexander added, today’s announcement recognized the grand opening of Phases I and III of 136 Anson House as well as the start of construction for Phase II of Peterborough Housing Corporation’s 56-unit project. The $4.7 million project received over $3 million under the Canada – Ontario Affordable Housing Program. The units will be occupied by lower-income singles, families and persons living with disabilities.

The federal and provincial allocations to the project were complemented by over $589,000 in municipal financial incentives.

“The Anson House project is one of fourteen new rental projects in the City and County of Peterborough. The staff and Board of Directors at Peterborough Housing Corporation are to be congratulated for their initiative and considerable efforts to create many new housing opportunities for low-income households in Peterborough,” said Mayor Ayotte. “The City is very pleased to see Anson House preserved and adapted to meet the needs of the current-day.”

The Canada – Ontario Affordable Housing Program Agreement comprises a commitment of $301 million from each of the two senior levels of government. In total, the federal, provincial and municipal governments will have invested at least $734 million in the program, which will provide affordable housing for 20,000 households in Ontario.

Last fall, the Government of Canada committed more than $1.9 billion over the next five years to improve and build new affordable housing and to help the homeless. Canada’s Economic Action Plan builds on this with an additional one-time investment of more than $2 billion over two years in new and existing social housing and lending of up to another $2 billion to municipalities for housing-related infrastructure.