Governments of Canada and Ontario Celebrate New Affordable Housing in Perth County
St. Marys, Ontario - Funding of more than $1.4 million for 12 new affordable housing rental units for seniors living on low income was announced today.
Gary Schellenberger, Member of Parliament for Perth-Wellington, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), the Honourable John Wilkinson, Minister of Revenue and Member of Provincial Parliament for Perth-Wellington, on behalf of Jim Bradley, Ontario's Minister of Municipal Affairs and Housing, Jamie Hahn, Mayor of St.Marys and Dan Mathieson, Mayor of Stratford made the announcement.
The 12 affordable rental units are part of a 30-unit project located at 50 Stoneridge Boulevard that received more than $1.4 million. The federal and provincial funding is complemented by more than $110,000 in municipal financial incentives.
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.
In 2009, Ontario allocated a combined federal and provincial investment of $704 million for the renovation of social housing, and $540 million for the creation of new affordable housing. This investment will create an estimated 23,000 jobs over the course of the program, and strengthen local economies across the province. To date, Ontario has approved more than $483 million for construction-ready projects, which will provide affordable housing for low-income families, senior citizens, and persons with disabilities, and $361.5 million for repairs benefiting some 150,054 social housing units. To find out more about affordable housing in Ontario, visit www.ontario.ca/housing.
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.
“The Government of Canada is helping Canadians during these tough economic times and giving hope to seniors who need quality, affordable housing that meets their needs. This investment is possible through Canada's Economic Action Plan, the federal government's plan to stimulate the economy and create jobs during the global recession.”
“Ontario is committed to meeting the housing needs of the people in our communities who need it the most. These new affordable rental units will make a positive difference in the lives of the seniors living in our rural riding. As part of our Open Ontario plan, this construction project will stimulate the economy by creating jobs and supporting local businesses right here in St. Marys.”
“St. Marys prides itself on our quality of life and diversity of housing stock. Aging in place is important to our community and this senior's development will provide more housing options for our residents.”
“The City of Stratford as the consolidated municipal service manager for Perth County, along with our municipal partners are proud to work with the federal and provincial governments in meeting the social housing needs of our residents as well as providing the full continuum of care that is expected in vibrant communities today.”
“We are delighted to be breaking ground on this housing initiative in the beautiful Stonetown of St. Marys. In a few months time this site will hold a brand new, energy efficient complex providing a mix of housing for low income seniors and persons with disabilities. We are pleased to be part of the Affordable Housing Initiative in Ontario and are grateful to have been selected to receive funding for this project.”
Larry and Chris Otten