Families Benefit from Renovation to Kingston Road Apartments



    TORONTO, Nov. 5 /CNW/ - Families in the Toronto area now have access to
more affordable housing with the opening of six rental apartments at 1445-1481
Kingston Road following the completion of extensive renovations.
    The Government of Canada provided $740,603 through Canada Mortgage and
Housing Corporation's (CMHC) Residential Rehabilitation Assistance Program
(RRAP) to renovate and upgrade the buildings. The program provides landlords
with financial assistance to bring affordable rental properties up to minimum
standards of health and safety.
    "Our government is delivering on its commitment to create affordable
housing in Ontario and across Canada for those who need it the most," said
David Tilson, Member of Parliament for Dufferin-Caledon, on behalf of the
Honourable Monte Solberg Minster of Human Resources and Social Development.
"This investment will provide safe, affordable and quality housing for
vulnerable individuals in Toronto so they can begin to build safer, stronger
and better futures for themselves."
    RRAP funding was used to undertake both external and internal renovations
to the complex. The renovations include repairs to the roofs, electrical
systems, and fire safety retrofits. The funding was also used to replace
fixtures and pipes in washrooms and kitchens.
    "These buildings are over 70 years old and required desperately needed
repairs. Without CMHC's RRAP funding, our only option was to borrow money from
the bank and pass on the cost of repairs to the present tenants," said Gulu
Thadani, President, GIC Investments. "CMHC's funding has allowed us to
maintain the rents at a low level. Therefore, we are now able to maintain
affordable housing for low-income families. We really appreciate RRAP and
believe it is a great way to keep affordable housing available for low-income
families and disadvantaged people."

    As Canada's national housing agency, Canada Mortgage and Housing
Corporation (CMHC) draws on over 60 years of experience to help Canadians
access a variety of quality, environmentally sustainable, and affordable homes
- homes that will continue to create vibrant and healthy communities and
cities across the country. For more information, visit www.cmhc.ca or call
1-800-668-2642.





For further information:

For further information: Media inquiries: Beth Bailey, Canada Mortgage
and Housing Corporation, (416) 218-3355; Mr. Gulu Thadani, GIC Investments,
(416) 222-8673


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