County of Dufferin Gets Boost for Affordable Housing
COUNTY OF DUFFERIN - The Government of Canada, the Government of Ontario, and the County of Dufferin today announced more than $239,000 in funding for affordable housing. The funding will help create one new affordable rental unit and help 18 renter households enter the housing market through interest-free down-payment assistance loans.
The announcement was made by David Tilson, Member of Parliament for Dufferin-Caledon, 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 Jim Watson, Ontario's Minister of Municipal Affairs and Housing, and Dufferin County Warden Gordon Montgomery.
"The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most," said MP Tilson. "Through this investment we are making an important difference in the lives of low-income seniors in the County of Dufferin who are working towards building a stronger and better future for themselves."
"Through this allocation to the County of Dufferin, the McGuinty government is renewing its commitment to work with our housing partners to grow the supply of affordable housing," said Minister Watson. "This funding creates new rental housing and allows people to get a foothold in the housing market, alleviating some of the demand for affordable rental housing."
The $239,000 allocation includes:
- $70,000 for a one-unit in the Lawrence Avenue project in Orangeville. The project is sponsored by the County of Dufferin and the unit will be occupied by low-income seniors.
- $169,190 in down-payment assistance for 18 households in the County of Dufferin.
"I'm very pleased for the residents of Dufferin that they can obtain assistance in purchasing their first home and the County is thrilled to be constructing a new 30-unit building that will be for low-income seniors," said Warden Gordon Montgomery.
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 up to 20,000 households in Ontario. Under the program, every region in Ontario has been allocated a specific amount of funding to assist low to moderate-income rental households to purchase affordable homes through interest-free down-payment assistance loans.