Governments of Canada and Ontario Celebrate New Affordable Housing in Quinte West
Quinte West, ON - The Government of Canada, the Government of Ontario, and the County of Hastings celebrated the official opening of 20 affordable rental units at Riverview Residence. The development is supported by $2.4 million in funding through the Canada-Ontario Affordable Housing Program.
Rick Norlock, Member of Parliament for Northumberland -- Quinte West, 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 Lou Rinaldi, Member of Provincial Parliament for Northumberland -- Quinte West, on behalf of the Honourable Rick Bartolucci, Ontario's Minister of Municipal Affairs and Housing, along with Jo-Anne Albert, Warden, Hastings County, made the announcement.
Riverview Residence, a 20-unit project located at 139 Ontario Street in Quinte West, Trenton Ward received $2.4 million funded through the two-year extension of the Canada-Ontario Affordable Housing Program. The federal and provincial funding is complimented by the County of Hastings commitment to offer these units at full rent-geared-to-income rates.
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 with an additional one-time investment of more than $2 billion over two years 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 is creating an estimated 23,000 jobs over the course of the program, while strengthening local economies across the province. To date, Ontario has approved more than $521 million for construction-ready projects, which will provide affordable housing for low-income families, senior citizens, and persons with disabilities, and $539.60 million for repairs benefiting some 175,389 social housing units.
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. For more information on Canada's Economic Action Plan, call 1-800-O Canada or visit www.actionplan.gc.ca.
More information about affordable housing in Ontario can be found at www.ontario.ca/housing.
“Our Government is committed to giving a hand-up to those who need it most here in Quinte West, Trenton Ward and across Ontario. We are proud to have invested in these new units for seniors living on low income, helping to provide safe, affordable housing for years to come.”
“These 20 rental units will provide seniors in our community with a safe and affordable place to call home. This is part of the Open Ontario plan to build stronger communities across the province, and Riverview Residence is an important measure of our success in working with our partners to support our most vulnerable citizens.”
“The County is very excited to have additional housing for seniors built in Quinte West, Trenton Ward and is particularly excited with the fact that this new building will be owned by the Hastings Local Housing Corporation. The County intends to offer these new units at full rent-geared-to-income rates which increases the depth of affordability for tenants. Hastings County is proud to partner in the development of these new homes for low income seniors.”