Down payment assistance provided to 14 households in the City of Greater Sudbury



    SUDBURY, ON, Feb. 2 /CNW/ - The Government of Canada and the Government
of Ontario today announced more than $100,000 in funding to 14 low and
moderate-income households in Sudbury under the Homeownership component of the
Canada-Ontario Affordable Housing Program.
    The announcement was made by the Honourable Tony Clement, Minister of
Industry, 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 Rick Bartolucci, MPP for Sudbury
and Minister of Community Safety and Correctional Services, 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
Minister Clement. "This investment will help people in Sudbury access quality,
affordable housing and start a new page in their lives."
    "I'm proud to announce there are 14 more homeowners in Greater Sudbury,"
said Minister Bartolucci. "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 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/housing.ca
    




For further information:

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

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Ontario Ministry of Municipal Affairs and Housing

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