Posts Tagged ‘Affordable’

Posted by Moishe Alexander

Funding of $6.6 million for 132 new affordable housing rental units for seniors living on low income was announced today in Thunder Bay.

The Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC); Bill Mauro, Member of Provincial Parliament for Thunder Bay – Atikokan, on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing; Councillor Joe Virdiramo, Secretary – Treasurer of The District of Thunder Bay Social Services Administration Board (TBDSSAB); City of Thunder Bay Councillor Brian McKinnon; along with Tracy Buckler, President & CEO of St. Joseph’s Care Group 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 Minister Finley. “This investment is possible through Canada’s Economic Action Plan, the federal government’s plan to stimulate the economy and create jobs during the global recession. For Ontario, this includes a $1.2 billion joint investment.”

“Today’s announcement positions Thunder Bay as a community with the full continuum of health care for seniors,” said Bill Mauro, MPP Thunder Bay – Atikokan. “Supportive housing has long been viewed as the missing piece, and today we have addressed that component in a very big way.”

“The TBDSSAB is pleased that the vision of a Centre of Excellence for Integrated Seniors’ Services is one step closer to being realized. Through service integration and partnership, the 132 unit supportive housing project will improve the quality of services to seniors, allowing them to maintain their independence while receiving necessary supports to age in place,” said Joe Virdiramo, Secretary – Treasurer, The District of Thunder Bay Social Services Administration Board.

“Thunder Bay welcomes the Federal and Provincial support for this exciting aspect of the Centre of Excellence for Integrated Seniors’ Services,” said Mayor Lynn Peterson. “Supportive housing allows our seniors to live independently and gain better access to the health care services they need.”

“This 132-unit Supportive Housing building is a vital element to ensure the continuum of care model as envisioned during the Centre of Excellence for Integrated Seniors’ Services (CEISS) project planning. We know that seniors would prefer to live independently in an apartment setting if they are able. This project will permit more seniors to age in place while receiving the assistance they require,” said Tracy Buckler, President & CEO, St. Joseph’s Care Group and Co-Chair of the CEISS Steering Committee.

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 funding for the 132-unit Centre of Excellence for Integrated Seniors’ Services project at 300 Lillie Street North. The project is sponsored by St. Joseph’s Care Group.

Posted by Moishe Alexander

The seasonally adjusted annual rate of housing starts reached 158,500 units in November. This is an increase from 157,400 units started in October, according to Canada Mortgage and Housing Corporation (CMHC).

“The improvement in housing starts continued in November,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Despite a small decline in November’s multiple home construction, overall starts numbers were up due to a solid increase in singles starts.” The November total is the highest of the year.

The seasonally adjusted annual rate of urban starts increased by 0.7 per cent to 141,100 units in November. Urban multiple starts decreased slightly from 72,500 units in October to 71,300 units in November. Single urban starts increased by 3.4 per cent to 69,800 units in November.

November’s seasonally adjusted annual rate of urban starts increased by 10 per cent in Quebec, by 8.2 per cent in the Prairies and by 6.2 per cent in British Columbia. The rate of urban starts decreased by 8.3 per cent in Ontario and by 9.8 per cent in Atlantic Canada.

Rural starts were estimated at a seasonally adjusted annual rate of 17,400 units in November.

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. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.

Posted by Moishe Alexander

The Government of Canada, the Government of Ontario, and the City of Windsor celebrated the funding for 15 new affordable rental units. This project is supported by $1.8 million in funding through the Canada – Ontario Affordable Housing Program.

Jeff Watson, Member of Parliament for Essex, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation; the Honourable Sandra Pupatello, Minister of Economic Development and Trade and Member of Provincial Parliament for Windsor West on behalf of the Honourable Jim Watson, Minister of Municipal Affairs and Housing; and City of Windsor Councillor Dave Brister, attended the ceremony.

“This is great news for people with disabilities in Windsor,” said MP Watson. “These new rental units will provide more options for those in need of suitable, affordable housing, and are important to the economic and social well-being of the community.”

“Access to affordable housing is a key component of the McGuinty government’s poverty reduction strategy,” said MPP Sandra Pupatello. “We are committed to working with our federal and municipal partners to ensure new affordable housing units are built in our community, where they are needed.”

The 15-unit project, sponsored by Windsor Residence Inc., will be occupied by persons with disabilities.

“We are very excited about the new Windsor Residence II project” said Mayor Eddie Francis. “This project will provide much needed barrier free housing with support services for persons with physical and developmental challenges. We look forward to the completion of this new project to assist those in need of supportive housing in our community for many years to come.”

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.

Last fall, the Government of Canada committed more than $1.9 billion over the next 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 in new and existing social housing and lending of up to another $2 billion 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.