Canadian Mortgage News

January 2004 National News Archive

$8.7 Million Allocated for Affordable Housing in Ontario

TORONTO, Ontario, November 5, 2004 — The Government of Canada and the Government of Ontario today allocated more than $8.7 million to help fund seven pilot projects that will create 325 units of affordable housing for low-income people in Ontario.

The announcement was made by the Honourable Joseph Fontana, Minister of Labour and Housing, and the Honourable David Caplan, Ontario's Minister of Public Infrastructure Renewal.

"The Government of Canada is committed to providing quality affordable housing for those Canadians who need it most," said Minister Fontana. "Housing is an important part of people life and of our commitment to build healthy, sustainable communities. We look forward to working closely with our provincial and municipal partners to continue to address these needs in Ontario and across the country."

"Our government understands that one of our fundamental responsibilities is to help to provide affordable housing for people in the province who need it," said Minister Caplan. "By strengthening our communities, we are providing our people with a quality of life that is second to none."

The funding announced today will help to create a total of 325 new affordable housing units under the Canada-Ontario Affordable Housing Program. The funding includes $8.1 million to create 300 units in six projects in Ottawa, and $675,000 to create 25 units in one project in Waterloo Region.

The Canada-Ontario Affordable Housing Agreement is a five-year commitment that will create affordable housing units in Ontario. This partnership combines $245 million in Government of Canada funding with matching contributions from the Government of Ontario, municipalities and other private and non-profit partners.

For further information please contact:

Peter Graham
Office of Minister Fontana
(613) 953-5646

Ross Parry
Office of Minister Caplan
(416) 325-1657

For more information visit www.mah.gov.on.ca

Backgrounder

Affordable Housing Projects

• $918,000 for a 34-unit project at 1400 Coldrey Avenue in Ottawa. The project is sponsored by the Agudath Israel Congregation Non-Profit Homes Corporation. The units will be occupied by lower income families with children and single persons. Tenants in 10 of the units will pay rent geared to their income.
  
• $2.24 million for an 83-unit project at 750 March Road in Ottawa. The project is sponsored by Blue Heron Cooperative Homes Inc. The units will be occupied by lower income families with children and single persons. Tenants in 21 of the units will pay rent geared to their income.
  
• $1.62 million for a 60-unit project at 380 Somerset Street West in Ottawa. The project is sponsored by the municipal non-profit corporation, Ottawa Community Housing Corporation. The units will be occupied by lower income families with children and single persons. Tenants in 36 of the units will pay rent geared to their income.
  
• $1.68 million for a 62-unit project at 27-43 Meridian Place in Ottawa. The project is sponsored by the Nepean Housing Corporation. The units will be occupied by lower income families with children and single persons. Tenants in 37 of the units will pay rent geared to their income.
  
• $756,000 for a 28-unit project at 259 St. Anne Avenue in Ottawa. The project is sponsored by the non-profit group, the John Howard Society. The units will be occupied by lower income single persons.
  
• $891,000 for a 33-unit project at 450 Churchill Avenue in Ottawa. The project is sponsored by the non-profit group, the Ottawa Salus Corporation. The units will be occupied by lower income single persons.
  
• $675,000 for a 25-unit project at 26 Fischer-Hallman Road North in Waterloo. The project is being developed by Blaze Properties Inc., a private sector company, in partnership with MennoHomes Inc., a non-profit organization.

News source: Canada Mortgage and Housing Corporation (CMHC)