Governments of Canada and Ontario Celebrate New Affordable Housing in Orangeville
Posted: November 24, 2009 at 7:38 am | Tags: canada, Corporation, Diane Finley, Economic, Funding, government, Housing Market, investment, Jim Watson, Linda Jeffrey, Minister Responsible, MP Tilson, Ontario, Orangeville, Parliament, Warden Gordon D. MontgomeryPosted by Moishe Alexander
Funding of $1.8 million for 15 new affordable housing rental units for seniors living on a low income was announced today in Orangeville.
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 Linda Jeffrey, Member of Provincial Parliament for Brampton – Springdale on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing, along with Gordon D. Montgomery, Warden of Dufferin County made the announcement.
“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,” said MP Tilson. “This investment is possible through our government’s Economic Action Plan that is stimulating the economy and creating jobs during the global recession. For Ontario, this includes a $1.2 billion joint investment.”
“These affordable housing projects support our Province’s efforts to reduce poverty,” said MPP Jeffrey. “We will continue to work closely with our federal and municipal partners to maximize the number of affordable housing units which are built during the life of this program.”
“We are delighted to receive this generous funding to further support the Lawrence Avenue Seniors Building project,” said Warden Gordon D. Montgomery. “This funding will assist with providing additional seniors’ housing units and reducing wait list times.”
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.
Today’s announcement celebrates the funding for 15 new affordable rental units for seniors at 40 Lawrence Avenue in Orangeville. The project is sponsored by the Corporation of the County of Dufferin.