Down payment assistance provided to 56 households in the Municipality of Chatham-Kent



    CHATHAM-KENT, ON, Jan. 20 /CNW/ - The Government of Canada and the
Government of Ontario announced more than $276,000 in funding to 56 households
in the Municipality of Chatham-Kent 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 David Van Kesteren, Member of Parliament for
Chatham - Kent - Essex, 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 Pat Hoy, MPP for
Chatham-Kent-Essex, 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
Van Kesteren. "This investment will help people in Chatham-Kent access
quality, affordable housing and start a new page in their lives."
    "I'm proud to announce that 56 more households in Chatham-Kent are now
homeowners," said MPP Hoy. "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: Julie Vaux, Office of the Honourable Diane
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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