Canadian Mortgage News

January 2003 National News Archive

Mahoney Announces Seed Funding for Housing Projects (Calgary)

CALGARY, Alberta, October 23, 2003 — Twenty-eight housing organizations and developers from the Prairie provinces will receive up to $20,000 each to help develop housing project proposals under Canada Mortgage and Housing Corporation's (CMHC) Seed Funding initiative.

The Honourable Steven Mahoney, Secretary of State Responsible for CMHC, made the announcement, saying the selected submissions from Manitoba, Alberta and Saskatchewan are just part of the 240 housing proponents selected from across Canada.

"This proposal call provided Canadians with a terrific opportunity to take the lead in presenting their proposals on how to solve some of our country's housing challenges" said Secretary of State Mahoney. "The impressive response proves the importance of housing to communities across Canada."

Seed Funding offers financial assistance, complemented by training, to groups and individuals for housing projects that will be affordable or innovative or community-based, or any combination of these characteristics. The financial assistance is in the form of a grant of up to $10,000 and an interest-free loan of up to $10,000. Total funding for this round could be as much as $4.8 million nationally.

Seed Funding recipients will use the money to pay for a variety of activities including housing market studies to evaluate need and demand for the proposed project, development of a business plan and preliminary architectural drawings.

In evaluating the applications for Seed Funding, received through a Canada-wide proposal call, CMHC looked at the clarity of the proponent's objectives, compatibility with program criteria, ability of applicants to carry out the proposed activities and the need for funding.

"I am confident that this initiative will create the momentum needed to get community support and draw out the resources needed to turn ideas into tangible bricks and mortar," added Secretary of State Mahoney. "I look forward to seeing these housing proposals taking shape as homes for Canadians."

A backgrounder listing the successful applicants follows.

For more information:

Bill Joyner
CMHC Prairie, Nunavut and NWT Business Centre
(403) 515-3011

Seed Funding Recipients - 2003

MANITOBA

Arborg-Bifrost Community Development Corporation, Arborg
Berens River First Nation, Berens River
Daco A.H., Brandon
City of Brandon, Brandon
4677847 Manitoba Ltd., Cornwallis
Dauphin Economic Development, Dauphin
Dial - A - Life Housing Inc., West St. Paul
Spence Neighbourhood Association Inc., Winnipeg
Winnipeg Housing Rehabilitation Corporation, Winnipeg
Garden Hill First Nation, Winnipeg
Pavingassi First Nation, Winnipeg
South East Tribal Council, Winnipeg

SASKATCHEWAN

Community Action Co-operative Regina Ltd., Regina
Kelvington Senior Housing Project, Kelvington
Mountain Housing Association Inc., McKillop

ALBERTA

Barrhead & District Social Housing Association, Barrhead
Bathory Associates, Calgary
Style Realty Inc., Calgary
St. Stephen's Anglican Church, Calgary
Style Realty Inc., Calgary
City of Camrose Affordable Housing Task Force, Camrose
Edmonton City Centre Church Corporation, Edmonton
Wapiti Community Dorm Society, Grande Prairie
Grande Prairie Friendship Centre, Grande Prairie
Town of High Level, High Level
Lac Ste-Anne Foundation, Mayerthorpe
Pincher Creek Women's Emergency Shelter Association, Pincher Creek
West Sturgeon People Aging in Place Foundation, St. Albert

News source: Canada Mortgage and Housing Corporation (CMHC)