Ottawa - Governments of Canada and Ontario Celebrate New Affordable Housing
OTTAWA - The Government of Canada and the Province of Ontario announced today more than $25.4 million to fund four affordable housing projects for low-income seniors and low-income families in the City of Ottawa.
John Baird, Leader of the Government in the House of Commons and Minister of the Environment, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and the Honourable Bob Chiarelli, Minister of Infrastructure and Member of Provincial Parliament for Ottawa West-Nepean, on behalf of the Honourable Rick Bartolucci, Ontario Minister of Municipal Affairs and Housing, along with Gordon Hunter, City of Ottawa Deputy Mayor, made the announcement today.
Today's investment will support four affordable housing projects in the City of Ottawa:
- $5.4 million to provide 45 units for low-income seniors through a project sponsored by Bruyère Continuing Care Affordable Supportive Housing.
- $8.3 million to provide 69 units for low-income seniors through a project sponsored by Eastern Ontario Christian Seniors Citizens Co-operative.
- $5.4 million to provide 45 units for low-income seniors through a project sponsored by Perley and Rideau Veterans Health Centre.
- $6.4 million to provide 64 units for low-income families through a project sponsored by OCISO Non-Profit Housing Corporation to provide.
The federal and provincial funding is complemented by $2.46 million in municipal financial incentives.
The Canada-Ontario Affordable Housing Program Agreement 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.
In 2008, the Government of Canada committed more than $1.9 billion over five years to improve and build new affordable housing and to help the homeless. Canada's Economic Action Plan builds on this and provides $400 million, over two years, to build new rental housing for low-income seniors. Overall, the Economic Action Plan includes $2 billion for the construction of new and the renovation of existing social housing, plus up to $2 billion in low-cost loans to municipalities for housing-related infrastructure. Combined for Ontario, this means a further $1.2-billion joint investment under the amended Canada-Ontario Affordable Housing Program Agreement. The federal and provincial governments are contributing equally to this overall investment.
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 is part of the Open Ontario plan, and 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 $519 million for construction-ready projects, which will provide affordable housing for low-income families, low-income senior citizens, and persons with disabilities, and $525.45 million for repairs benefiting some 173,425 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 dedicated to helping Canadians through tough economic times. Through projects like these ones, our government is providing safe affordable housing for many Ottawa residents, including seniors and families, while creating jobs and stimulating the economy.”
“Building new affordable housing is a welcome and much needed addition for many Ontarians living in our community. As part of our Open Ontario plan, today's allocation will stimulate the economy by creating jobs and supporting local businesses across the province.”
Honourable Bob Chiarelli
“Working with our federal and provincial partners, these funds are already making a difference in our community by providing affordable shelter to hundreds of people who need it most.”