Down payment assistance provided to 71 households in the Regional Municipality of Niagara



    ST. CATHARINES, ON, Feb. 10 /CNW/ - The Government of Canada and the
Government of Ontario today announced more than $505,877 in funding to 71
households in the Regional Municipality of Niagara 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 Rick Dykstra, Member of Parliament for St.
Catharines, 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 Kim Craitor, MPP for Niagara
Falls, 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
Dykstra. "This investment will help people in Niagara access quality,
affordable housing and start a new page in their lives."
    "I'm proud to announce there are 71 new homeowners in Niagara Region,"
said MPP Craitor. "This funding allows people to get a foothold in the housing
market, and alleviate some of the demand for affordable rental housing."
    The Regional Municipality of Niagara delivers the program, and has been
instrumental in its success. For more information about the Homeownership
program, and to receive an application, call 905-682-9201 ext. 3952, or visit
http://www.nrh.ca/applicants/welcome.shtml.
    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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