Province Helps More People Find A Place To Call Home

Archived Release

Province Helps More People Find A Place To Call Home

Ministry of Infrastructure

Doubles Funding For Affordable Housing; Helps Groups Over Initial Construction Hurdles TORONTO, Feb. 14 - The Ontario government is helping people in need find a place to call home by doubling its funding for units built under the Affordable Housing Program and by providing funding to help non-profit groups with pre-construction costs, Minister of Public Infrastructure Renewal David Caplan announced today. "Our government understands that shelter is a basic human need," said Caplan. "That is why we are doubling the provincial contribution for this affordable housing program." "Housing is an important part of life and today's announcement will help us move forward on our commitment to build healthy, safe and affordable communities in Ontario," said the Honourable Joe Fontana, Minister of Labour and Housing. Today's announcement increases available funding for approved projects to an average of $4,000 per unit from $2,000 per unit under the pilot phase of the Affordable Housing Program. The funding will be targeted to affordable housing projects in the early stages of development that may be experiencing increases in construction costs or other financial challenges. As well, the province will provide private non-profit groups with access to $100,000 from existing approved funding to assist them in carrying out planning, legal and architectural activities required in the early stages of an affordable housing development. "Many non-profit groups are looking to build affordable housing but cannot cover pre-construction costs," said Caplan. "By helping groups cover these costs, we are ensuring more projects are completed - and more deserving families housed." The province plans to sign an improved affordable housing agreement with the federal government in 2005. To date, more than 3,400 new affordable housing units across Ontario have received nearly $70 million in funding under the program. Roughly 500 of these units are now occupied by low- and moderate-income households, and the rest are at various stages of construction or planning. Disponible en fran├žais. www.pir.gov.on.caFor further information: Contacts: Wilson Lee, Minister's Office, (416) 325-8735; Susan Bacque, Delivery Branch, Housing Division, (416) 585-7021