Posted: April 15, 2010 at 9:06 am | Tags: Agreement, Alexander, canada, CMHC, Conclude, Diane Finley, government, Infrastructure, investment, Laurent Lessard, MILP, Minister Finley, Minister Lessard, Minister Responsible, Municipalities, Program, quality, Quebec, Related
Posted by Moishe Alexander
The Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Laurent Lessard, Minister of Municipal Affairs, Regions and Land Occupancy, announced today that the governments of Canada and Quebec concluded an agreement concerning the implementation in Quebec of CMHC’s Municipal Infrastructure Lending Program (MILP) for housing-related infrastructure projects.
Canada’s Economic Action Plan provides up to $2 billion in direct low-cost loans to municipalities, over two years, for housing-related infrastructure projects through the MILP. Under the agreement, Quebec municipalities can submit applications directly to Financement-Québec to obtain low-cost loans that can be used to finance these projects.
These low-cost loans will significantly reduce the cost of borrowing for municipalities, which can use the funds to invest directly in housing-related infrastructure projects, including eligible work performed under cost-shared federal and Quebec infrastructure programs.
“Our government understands the importance of infrastructure in maintaining strong and prosperous communities,” said Minister Finley. “This program gives municipalities in Quebec access to the low-cost funding they need to move forward quickly on housing-related infrastructure projects. These projects will also stimulate job creation in communities across Canada.”
“This new partnership targets the modernization and improvement of housing-related municipal infrastructure. Our government is moving forward and stepping up efforts to ensure that Quebec municipalities have modern and sustainable infrastructure — indispensable tools to take up the challenges of the future in order to enhance the quality of life ,” said Minister Lessard.
Eligible municipal infrastructure projects must be related to new or existing residential areas and contribute to their effective servicing. These projects include, for example, infrastructure related to the provision of housing services, such as water, wastewater and solid waste services; power generation; local transportation infrastructure within or into residential areas, such as roads, bridges and tunnels; and residential sidewalks, lighting, pathways, landscaping and green space.
As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.
Financement-Québec is an agency of the Government of Quebec that offers financing to Quebec’s parapublic entities, such as school boards, CEGEPs, universities, hospitals and municipalities.
Posted: April 7, 2010 at 8:19 am | Tags: Action, Alexander, Asia, British Columbia, canada, CMHC, Coquihalla, Diane Finley, Economic, government, Honourable, Housing Market, Improves, investment, Jobs, Minister Day, Minister Responsible, Nation, Okanagan, Pacific, Plan, region, today
Posted by Moishe Alexander
The Government of Canada announced today an investment of more than $800,000 as part of the year one funding through Canada’s Economic Action Plan to improve housing conditions for First Nation communities in the Okanagan – Coquihalla region in British Columbia.
The Honourable Stockwell Day, President of the Treasury Board and Minister for the Asia – Pacific Gateway, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), made the announcement today.
“Our Government’s Economic Action Plan is creating jobs, stimulating the local economy and improving housing conditions for First Nation communities in British Columbia, “said Minister Day.
Through Canada’s Economic Action Plan, the Government of Canada has committed $400 million over two years to help First Nation communities build needed new housing, repair and remediate existing non-profit housing for their members, and complement housing programs offered by CMHC. This investment will also provide an economic stimulus for many First Nations and surrounding areas by creating jobs.
Through Canada’s Economic Action Plan, some $50 million in federal investments will be made available to First Nations in British Columbia to address immediate housing needs.
Specifically, CMHC will allocate $812,706 to retrofit 71 housing units on-reserve in the Okanagan – Coquihalla region.
Posted: April 7, 2010 at 8:18 am | Tags: Action, Alexander, British Columbia, canada, Cariboo, CMHC, Diane Finley, Dick M. Harris, Economic, government, Housing Market, Improves, investment, Jobs, Minister Responsible, MP Harris, Nation, On, Plan, Prince George, region, reserve, today
Posted by Moishe Alexander
The Government of Canada announced today an investment of more than $530,000 as part of the year one funding through Canada’s Economic Action Plan to improve housing conditions for First Nation communities in the Cariboo – Prince George region of British Columbia.
Dick M. Harris, Member of Parliament for Cariboo – Prince George, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), made the announcement today.
“Our Government’s Economic Action Plan is creating jobs, stimulating the local economy and improving housing conditions for First Nation communities in British Columbia,” said MP Harris.
Through Canada’s Economic Action Plan, the Government of Canada has committed $400 million over two years to help First Nation communities build needed new housing, repair and remediate existing non-profit housing for their members, and complement housing programs offered by CMHC. This investment will also provide an economic stimulus for many First Nations and surrounding areas by creating jobs.
Through Canada’s Economic Action Plan, some $50 million in federal investments will be made available to First Nations in British Columbia to address immediate housing needs.
Specifically, CMHC will allocate $538,335 to retrofit 37 housing units on-reserve in the Cariboo – Prince George region.