County of Oxford gets $1.5 million boost for affordable housing



    COUNTY OF OXFORD, ON, Feb. 10 /CNW/ - The Government of Canada, the
Government of Ontario, and the County of Oxford today announced more than $1.5
million in funding for affordable housing. The funding will help create 15 new
affordable rental units in Tillsonburg and provide down payment assistance to
63 households in the County of Oxford.
    The announcement was made by Dave MacKenzie, Member of Parliament for
Oxford, on behalf of the Honourable Diane Finley, Minister of Human Resources
and Social Development Canada and Minister Responsible for Canada Mortgage and
Housing Corporation (CMHC); John Wilkinson, MPP for Perth-Wellington and
Minister of Research and Innovation, on behalf of the Honourable Jim Watson,
Ontario's Minister of Municipal Affairs and Housing; and County of Oxford
Warden Paul Holbrough.
    "The Government of Canada is committed to making affordable housing
available in Ontario and across Canada for those who need it most," said MP
MacKenzie. "Through this investment, we are making an important difference in
the lives of low-income renters, low-income seniors and individuals with
physical disabilities in the County of Oxford who are working towards build a
stronger and better future for themselves."
    "Access to safe and affordable housing is crucial to the economic and
social well-being of Ontario's communities," said Minister Wilkinson. "The
McGuinty government continues to work with our housing partners to grow the
supply of affordable housing in the County of Oxford and across the province."

    
    The $1.55 million allocation includes:

    -   $1.05 million for a 15-unit project in Tillsonburg. The project is
        sponsored by the E & E McLaughlin Ltd. in Trust, and the units will
        be occupied by low-income seniors and individuals with physical
        disabilities.

    -   $538,670 in down-payment assistance for 63 households in the County
        of Oxford under the Homeownership component of the program which
        provides down-payment assistance for low-income renters to enter the
        housing market and purchase homes.
    

    The federal and provincial allocations are complemented by more than
$136,000 in municipal financial contributions.
    "The development of affordable housing remains a priority for the County
of Oxford," said Warden Holbrough. "The cooperative efforts of all levels of
government must continue to address this fundamental need in all communities.
We look forward to continuing this work with our public, private and not for
profit partners."

    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 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; Paul Beaton, County of Oxford, (519) 539-9800 ext. 3301

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Ontario Ministry of Municipal Affairs and Housing

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