Down payment assistance provided to 14 households in the City of Stratford



    STRATFORD, ON, Feb. 10 /CNW/ - The Government of Canada and the
Government of Ontario today announced more than $106,000 in funding to 14
households in Stratford and the County of Perth under the Homeownership
component of the Canada - Ontario Affordable Housing Program. The
Homeownership component of the program provides down-payment assistance for
low-income renters to enter the housing market and purchase homes.
    The announcement was made by Gary Schellenberger, Member of Parliament
for Perth-Wellington, 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 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.
    "The Government of Canada is committed to making affordable housing
available in Ontario and across Canada for those who need it most," said MP
Schellenberger. "This investment will help people in Stratford and the County
of Perth access quality, affordable housing and start a new page in their
lives."
    "This funding allows people to get a foothold in the housing market while
also helping to free up affordable rental housing for others," said Minister
Wilkinson. "It shows what we can accomplish when all three levels of
government work together."

    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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