Posts Tagged ‘Affordable’

Posted by Moishe Alexander

Senator Daniel Lang (Yukon), on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Jim Kenyon, Minister responsible for Yukon Housing Corporation, announced today the construction of new affordable townhouses in the Ingram subdivision of Whitehorse, in addition to renovation funding for existing social housing.

The $5.4 million federal contribution to the projects comes through Canada’s Economic Action Plan, the government’s plan to stimulate the economy and create jobs during the global recession.  Recognizing the distinctive needs of the North, Canada’s Economic Action Plan provides $200 million, over two years, including $50 million for Yukon, to support the renovation and construction of new social housing units. Additionally, CEAP provides $850 million to provinces and territories for the renovation and retrofit of existing social housing. 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.

“Our Government is taking action to help ensure our economic recovery and create the conditions for long-term growth,” said Senator Lang. “Year 2 of Canada’s Economic Action Plan will continue to create jobs and stimulate the economy here in Yukon and in all corners of the country, while also supporting Canadian workers and families.”

“Yukon Housing Corporation is pleased about this new housing project,” said Minister Kenyon. “Six Yukon families will find affordable and comfortable homes here, and the project is providing beneficial SuperGreen training to the construction industry. Investing in our existing social housing stock helps extend the life of the buildings and the retrofits will result in better, more comfortable housing for our clients.”

With some $2.1 million in federal stimulus funding, the new construction project in the Ingram subdivision of Whitehorse will be a 6-unit townhouse complex with two 4-bedroom units and four 3-bedroom housing units for eligible social housing clients. These barrier-free units are being built to meet Yukon Housing Corporation’s Super GreenHome standards. The Kwanlin Dün First Nation Development Corporation 42135 is constructing the project for Yukon Housing Corporation. Completion is anticipated for Fall 2010.

Stimulus funding has also contributed to various retrofits throughout Yukon communities. The federal government is contributing $3.3 million and the Yukon government is contributing $430,000 to these projects. In addition to adding more insulation to some units, Yukon Housing Corporation has also replaced 16 older furnaces with more efficient models, made upgrades to three boiler systems and installed 12 Heat Recovery Ventilation (HRV) systems. Forty-two steel fuel tanks were replaced with dual containment fiberglass tanks. Other retrofits include insulation and lighting upgrades, and attic air sealing. Two Yukon Housing Corporation apartment buildings in Whitehorse will be receiving major exterior retrofits, including superinsulating the building envelope.

Canada’s Economic Action Plan builds on the Government of Canada’s commitment in 2008 of more than $1.9 billion, over five years, to improve and build new affordable housing and help the homeless.

Posted by Moishe Alexander

The Governments of Canada and British Columbia, along with community partners, gathered today to celebrate the construction of a 58-unit housing development for seniors and persons with disabilities.

“Through Year 2 of Canada’s Economic Action Plan, our Government remains committed to giving a hand-up to those who need it most,” said 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). “That’s why we’re investing in this Penticton project, which will deliver safe and affordable housing that meets the needs of seniors and persons with disabilities.”

“In addition to providing increased housing access to Penticton seniors and persons with disabilities, this project will also stimulate our local economy by creating approximately 116 direct and indirect jobs,” said Bill Barisoff, MLA for Penticton.

Through an amendment to the Canada – British Columbia Affordable Housing Initiative Agreement, the federal and provincial governments are contributing a combined total of $3,278,000 million for 22 of the 58 affordable Seniors’ Rental Housing (SRH) units. In addition, the City of Penticton will provide reductions on development cost charges to help reduce the overall capital cost.

“The Kiwanis Van Horne apartments will be an important addition to our City by offering seniors and persons with disabilities increased access to affordable rental housing,” said Mayor Dan Ashton on behalf of Penticton City Council.

Penticton Kiwanis Housing Society (PKHS) provided the land, valued at $1.1 million, as well as $1 million in cash equity. PKHS is a non-profit organization providing affordable housing options for seniors and is an independent relative to the Kiwanis Club of Penticton.

“Our society is committed to providing quality housing options for seniors in our community,” said Ernst Schneider, finance officer for PKHS. “The Kiwanis Van Horne apartments will offer Penticton seniors access to 58 affordable rental homes. We are thankful to our government partners for collaborating with us on this important housing project.”

The Seniors’ Rental Housing (SRH) initiative is a result of a $365-million joint investment under an amendment to the Canada – British Columbia Affordable Housing Agreement, which includes funding through Canada’s Economic Action Plan and by the Government of British Columbia. The SRH initiative will provide $123.5 million, including $104 million for seniors and $19.5 million for persons with disabilities, to develop up to 1,000 new affordable rental housing units, which will help to stimulate local economies in smaller communities across B.C. Under terms of the agreement, the provincial and federal governments will provide matching contributions of $61.79 million.

Canada’s Economic Action Plan builds on the Government of Canada’s commitment in 2008 of more than $1.9 billion, over five years, to improve and build new affordable housing and help the homeless. It provides a total of $475 million, over two years, to build new rental housing, including $400 million for housing for low-income seniors and $75 million for housing for persons with disabilities. 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.

The Province of British Columbia’s $14-billion capital infrastructure program is creating up to 88,000 jobs, helping to build vital public infrastructure in every region of the province and stimulating local economies across B.C.

Posted by Moishe Alexander

Randy Hoback, Member of Parliament for Prince Albert, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with MLA for Prince Albert Carlton Darryl Hickie, on behalf of the Honourable Donna Harpauer, Minister of Social Services and Minister Responsible for Saskatchewan Housing Corporation, today announced support for a local housing initiative for seniors.

Funding in the amount of $2.3 million has been made available for the initiative through Canada’s Economic Action Plan, the federal government’s plan to stimulate the economy and create jobs during the global recession. The federal and provincial governments are contributing equally to an overall investment of $132 million under the amended Canada – Saskatchewan Affordable Housing Program Agreement.

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.

The amendment to the Canada – Saskatchewan Affordable Housing Program Agreement, which included funding under Canada’s Economic Action Plan, signed in May 2009, brought federal housing support of $74 million to the province. The Government of Saskatchewan will match that commitment for a total of $148 million to assist those in housing need and, in collaboration with other levels of government and community partners, to make various types of affordable housing programs possible. In Saskatchewan, federal-provincial housing programs are delivered through the Saskatchewan Housing Corporation.

“Our government is giving a hand-up to Canadian seniors who need it most during these tough economic times,” said MP Hoback. “Year 2 of Canada’s Economic Action Plan will continue to create jobs and stimulate the economy here in Prince Albert and in all corners of the country.”

”Our government is pleased to help seniors in need of affordable housing right here in Prince Albert,” MLA Hickie said. “This project exemplifies a commitment on our part to work with the federal government to improve the quality of life for lower income Saskatchewan seniors, and to help them remain in their communities.”

The project will consist of an 18-unit single level garden apartment, with 16 two-bedroom units and two wheelchair accessible one-bedroom units. The project was undertaken by the Prince Albert Community Housing Society (PACH), a non-profit corporation that owns and manages a housing portfolio of more than 260 rental units for people in need of affordable housing within Prince Albert.

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.