Down payment assistance provided to 15 households in District Municipality of Muskoka



    MUSKOKA, Feb. 10 /CNW/ - The Government of Canada and the Government of
Ontario today announced more than $112,000 in funding to 15 households in the
District Municipality of Muskoka 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 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 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 residents of Muskoka access
quality, affordable housing and start a new page in their lives."
    "I'm proud to announce there are 15 more homeowners in Muskoka," 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 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; 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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