Posts Tagged ‘Investment’

Posted by Moishe Alexander

The Government of Canada’s announced today an investment of more than $2.1 million as part of the year one funding through Canada’s Economic Action Plan to improve housing conditions for the First Nation communities on Vancouver Island.

James Lunney, Member of Parliament for Nanaimo – Alberni, 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 along with members of the Tseshaht First Nation community.

“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 Lunney.

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 more than $11.1 million to retrofit housing units on reserve in British Columbia. Of this funding, 17 First Nation communities on Vancouver Island will receive more than $2.1 million to improve the quality of 207 housing units.

Posted by Moishe Alexander

The Government of Canada and the Province of Saskatchewan today announced $31 million in joint funding for improvements to more than 247 projects in 97 communities in southern 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 in Regina at Cornwall Village Housing Co-operative, a 91-unit high rise for low- and moderate-income seniors. A total of $1.8 million is being provided by the Government of Canada and Saskatchewan for elevator, boiler and air handling system replacement and window repairs. The approved work for the 247 projects announced today will be completed through 2010 – 2011.

Andrew Scheer, Member of Parliament for Regina – Qu’Appelle, 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 First Nations and Métis Relations Minister Bill Hutchinson on behalf of Social Services Minister and Minister Responsible for Saskatchewan Housing Corporation Donna Harpauer, 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 here in Saskatchewan,” said MP Scheer. “Projects like these are especially valuable during these tough economic times, because they put construction workers and tradespeople to work quickly while also providing needed improvements to housing throughout the country.”

“Our government is committed to improving housing availability and affordability in Saskatchewan,” Minister Hutchinson said. “This investment will ensure that safe, affordable, and well-maintained housing will be available to people who need assistance. It’s more important than ever to work together to develop housing solutions that will benefit Saskatchewan citizens and revitalize communities. Cornwall Village, and other renovation projects like it, is an example of that.”

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.

Posted by Moishe Alexander

The Government of Canada announced today an investment of more than $1 million as part of the year one funding through Canada’s Economic Action Plan to improve housing conditions for First Nation communities in the Chilliwack – Fraser Canyon region of British Columbia.

The Honourable Chuck Strahl, Minister of Indian and Northern Affairs and Federal Interlocutor for Metis and Non-Status Indians, 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 Strahl.

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 $1,004,962 to retrofit 71 housing units on-reserve in the Chilliwack – Fraser Canyon region.