Moishe Alexander and Canadian Funding Corporation Review CMHC Reports

Posted by Moishe Alexander

The Government of Canada and the Province of Saskatchewan today announced $23 million in joint funding for improvements to over 219 projects in 84 communities in central and northern locations of Saskatchewan.

The funding was made available through Canada’s Economic Action Plan, the federal government’s plan to stimulate the economy and create jobs during the global recession. 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 federal and provincial governments are contributing equally to this overall investment of $132 million under the amended Canada – Saskatchewan Affordable Housing Program Agreement.

The Government of Canada wants to improve the quality of existing social housing for low-income seniors, single parent families, recent immigrants and Aboriginal households. Canada’s Economic Action Plan provides $850 million under the Affordable Housing Initiative to provinces and territories for the renovation and retrofit of existing social housing.

The announcement took place today at Luther Tower, a 22-storey building consisting of 197 affordable units for low and moderate income seniors. A total of $441,000 was provided by the Government of Canada and Saskatchewan to complete window repairs to the units. The approved work for the 219 projects announced today will be completed through 2010 – 2011.

Brad Trost, Member of Parliament for Saskatoon – Humboldt, 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 the Honourable Don Morgan, Minister of Justice and Attorney General, and MLA for Saskatoon – South East, on behalf of the Honourable Donna Harpauer, Minister of Social Services and Minister responsible for Saskatchewan Housing Corporation, made the announcement today.

“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 MP Trost. “Projects like these are especially valuable right now, because they put construction workers and tradespeople to work quickly, while at the same time providing needed improvements to housing throughout the country.”

“Our government is actively working with the federal government, and other community partners, to ensure that safe, affordable and well-maintained housing will be available to meet the current and future needs of Saskatchewan citizens,” Minister Morgan said. “Luther Tower is an example of the types of renovations that are being undertaken to make a real and lasting difference in communities across Saskatchewan.”

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.

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.

Tags: Action, Agreement, Brad Trost, Canada, Corporation, Diane Finley, Don Morgan, Donna Harpauer, Economic, Government, Honourable, housing, Luther Tower, Minister Morgan, Minister Responsible, MP Trost, Plan, Program, Province, Saskatchewan, Social, South East, today
Posted in CMHC, Canada, affordable housing