Down payment assistance provided to 11 households in the county of Renfrew



    RENFREW, ON, Jan. 20 /CNW/ - The Government of Canada and the Government
of Ontario today announced more than $86,000 in funding to 11 households in
the County of Renfrew under the Homeownership component of the Canada-Ontario
Affordable Housing Program. This funding will help renter households enter the
housing market through interest-free down-payment assistance loans.
    The announcement was made by Cheryl Gallant, Member of Parliament for
Renfrew-Nipissing-Pembroke, 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 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
Gallant. "This investment will help people in the County of Renfrew access
quality, affordable housing and start a new page in their lives."
    "I'm proud to announce that 11 more households in Renfrew are now
homeowners," said Minister Watson. "This funding allows people to get a
foothold in the housing market, and alleviate some of the demand for
affordable rental housing."

    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 program, 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: Julie Vaux, Office of the
Honourable Diane 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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