Down payment assistance provided to 99 households in the Regional Municipality of Waterloo



    WATERLOO, ON, Feb. 10 /CNW/ - The Government of Canada and the Government
of Ontario today announced more than $881,388 in funding to 99 households in
the Regional Municipality of Waterloo 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 Peter Braid, Member of Parliament for
Kitchener-Waterloo, 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 Leeanna Pendergast, MPP
for Kitchener-Conestoga, 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
Braid. "This investment will help people in Waterloo access quality,
affordable housing and start a new page in their lives."
    "I'm proud to announce there are 99 new homeowners in the Region of
Waterloo," said MPP Pendergast. "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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