Down payment assistance provided to 23 households in the City of St. Thomas



    ST. THOMAS, ON, Feb. 2 /CNW/ - The Government of Canada and the
Government of Ontario today announced more than $149,625 in funding to 23 low
and moderate-income households in the City of St. Thomas and County of Elgin
under the Homeownership component of the Canada-Ontario Affordable Housing
Program.
    The announcement was made by Joe Preston, Member of Parliament for
Elgin--Middlesex--London, 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 MP
Preston. "This investment will help people in City of St. Thomas and County of
Elgin access quality, affordable housing and start a new page in their lives."
    "I'm proud to announce there are 23 more homeowners in the City of St.
Thomas and County of Elgin," 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.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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