Governments of Canada and Ontario Celebrate New Affordable Housing in Glencoe

Funding of $420,000 for six new affordable housing rental units for seniors living on low income was announced today in Glencoe.

Bev Shipley, Member of Parliament for Lambton-Kent-Middlesex, 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 Maria Van Bommel, Parliamentary Assistant to the Minister of Children and Youth Services and Member of Provincial Parliament for Lambton-Kent-Middlesex, on behalf of the Honourable Jim Watson, Ontario's Minister of Municipal Affairs and Housing; along with Doug Reycraft, Mayor of the Municipality of Southwest Middlesex, made the announcement.

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 six new affordable rental units at 173 Main Street in Glencoe.  The project is sponsored by Sundip and Melissa Bajaj.

Ontario is moving quickly to implement this additional funding.  The province has already approved more than $224 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. 

More information on this and other measures in Canada's Economic Action Plan can be found at www.actionplan.gc.ca.  To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc.ca/housingactionplan.

 

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