Niagara Region Celebrates Over $1.8 Million In Funding For Affordable Housing
THOROLD - The Government of Canada, the Government of Ontario and the Region of Niagara today celebrated more than $1.8 million in funding for affordable housing in Niagara region. This funding will help create 26 new affordable rental units in two Niagara region projects.
Rick Dykstra, Member of Parliament for St. Catharines, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development Canada; Jim Bradley, Member of Provincial Parliament for St. Catharines, on behalf of the Honourable Jim Watson, Ontario's Minister of Municipal Affairs and Housing; Thorold Mayor Henry D'Angela; and St. Catharines Councillor Jenny Stevens attended the ceremony. Also participating in today's announcement were Niagara Regional Chair Peter Partington and Niagara Regional Housing Board Chair Karen Murray.
"The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most," said MP Dykstra. "Here in Niagara Region, these new projects will help low-income individuals, some with special needs, access safe, affordable and quality housing, helping them to build a stronger future."
"Investing in affordable housing helps to address many of the poverty concerns our communities have identified and has a direct impact on the health and well-being of not only those in Niagara, but across the province," said MPP Bradley. "These projects will significantly help numerous families right here in Niagara access safe, affordable and quality housing, helping them to build a stronger future."
Today's announcement recognized two affordable housing projects in Niagara Region, totalling over $2.3 million in capital costs
- A three-unit project at 100 Ormond St. in Thorold, now officially open. The $289,000 project is sponsored by Capital Pines Development Inc. and received $205,800 under the Canada-Ontario Affordable Housing Program. The units will be occupied by low-income individuals. The federal and provincial allocations to the project were complemented by $12,500 in municipal financial incentives.
- A 23-unit project in St. Catharines, now under construction. The $2.1 million project is sponsored by 2077626 Ontario Ltd. and will receive $1.6 million under the Canada-Ontario Affordable Housing Program. The units will be occupied by low-income residents, some with special needs. The federal and provincial allocations to the project were complemented by more than $396,000 in municipal financial incentives.
"It is through these kinds of partnerships that we are able to offer further affordable housing to our residents," said Chair Partington. "These 26 homes will make a significant difference to those families, and my thanks to the many people and partners who have made these developments a reality."
"I am honoured that the City of Thorold was able to work in partnership with Capital Pines and with the governments of Canada, Ontario, and the Region of Niagara to ensure this opportunity exists for affordable housing," said Mayor D'Angela.
"As housing prices continue to escalate, access to affordable housing presents a significant challenge to low-income families and individuals," said Mayor McMullan. "These two projects will ensure access to safe, secure housing for 26 families and individuals, including those with special needs, who often face significant challenges in securing appropriate housing."
"This public-private partnership project is a good example of what can be accomplished when
the various levels of government work cooperatively with the private sector to reach our common goals," said Tim Kenny, President of Capital Pines Developments. "Furthermore, the project reflects the principles of Smart Growth which have been initiated by both the Region of Niagara and the City of Thorold."
"The Canada - Ontario Affordable Housing Program has dealt with two housing issues, affordability and the creation of new rental housing stock," said Venanzio Pingue, President of 2077626 Ontario Ltd. "We are pleased that this development will offer secure, affordable housing that is centrally located on bus routes and convenient to all amenities."
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.