County of Hastings gets $2.8 million boost for affordable housing



    HASTINGS, ON, Feb. 2 /CNW/ - The Government of Canada and the Government
of Ontario today announced $2.8 million in funding for affordable housing in
the County of Hastings under the Canada-Ontario Affordable Housing Program.
    The announcement was made by Daryl Kramp, Member of Parliament for Prince
Edward-Hastings, on behalf of the Honourable Diane Finley, Minister of Human
Resources and Skills Development Canada and Minister Responsible for Canada
Mortgage and Housing Corporation (CMHC); and Leona Dombrowsky, MPP for Prince
Edward - Hastings and Minister of Agriculture, Food and Rural Affairs, on
behalf of the Honourable Jim Watson, Ontario's Minister of Municipal Affairs
and Housing.
    "The Government of Canada is committed to making affordable housing
available in Ontario and across Canada for those who need it most," said MP
Kramp." This funding is helping the several projects the County of Hastings
give low-income families and individuals with special needs hope, dignity and
a path to a safer, better and stronger future."
    "Through this allocation in the County of Hastings, the McGuinty
government is renewing its commitment to work with our housing partners to
grow the supply of affordable housing," said Minister Dombrowsky.

    
    The $2.8 million allocation includes:

    -  A six-unit project in Trenton, now officially open. The project is
       sponsored by K&G Holdings, and received $420,000 under the
       Canada-Ontario Affordable Housing Program. The units are occupied by
       individuals with special needs.

    -  A three-unit project in Frankford, now officially opened. This project
       is sponsored by K&G Holdings, and received $210,000 in funding under
       the Canada-Ontario Affordable Housing Program. The units are occupied
       by low-income individuals.

    -  A 10-unit project in Bancroft, now officially opened. The project is
       sponsored by Ken Papakiriazis, and will receive $700,000 under the
       Canada-Ontario Affordable Housing Program. The units are occupied by
       individuals with special needs.

    -  An 18-unit project in Belleville, now under construction. The project
       is sponsored by Springale Development Inc., and will receive more than
       $1.2 million under the Canada-Ontario Affordable Housing Program. The
       units will be occupied by individuals with special needs.

    -  A two-unit project in Tweed, now under construction. The project is
       sponsored by Chris Zavos and Adam Zegouras of 792169 Ontario Inc., and
       will receive $140,000 under the Canada-Ontario Affordable Housing
       Program. The units will be occupied by low-income individuals.

    -  A one-unit project in Frankford, now under construction. The project
       is sponsored by K&G Holdings, and will receive $70,000 under the
       Canada-Ontario Affordable Housing Program. The unit will be occupied
       by a low-income individual.

    -  More than $155,000 in funding to 25 low and moderate-income households
       in the County of Hastings under the Homeownership component of the
       Canada-Ontario Affordable Housing Program.
    

    "Hastings County has been pleased to participate in the Canada-Ontario
Affordable Housing Program. This partnership has improved the lives of County
residents through the creation of new affordable rental housing and has made
home ownership possible for several families," said Hastings' Warden Ron
Emond. "It is important to note that Hastings County is prepared to take
advantage of any upcoming federal/provincial stimulus package that is directed
at building or acquiring more affordable housing. The need for affordable
housing continues to out strip the availability."
    The Canada - Ontario Affordable Housing Program 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. Under the AHP, every region in Ontario has been
allocated a specific amount of funding to assist low to moderate-income rental
households to purchase affordable homes through interest-free down-payment
assistance loans.

    
    Disponible en français

    For more information visit:  http://www.cmhc.ca
                                 www.ontario.ca/housing
    





For further information:

For further information: Media Inquiries: Michelle Bakos, Office of
Minister Finley, (819) 994-2482; Nicole Burgers, Canada Mortgage and Housing
Corporation, (416) 250-2760; Adam Grachnik, Office of Minister Watson, (416)
585-6492

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Ontario Ministry of Municipal Affairs and Housing

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