Housing co-operatives warmly welcome renovation funding



    OAKVILLE, ON, May 24 /CNW Telbec/ - Today's announcement of the
application process for federal funding of renovation and retrofits of social
housing was warmly welcomed by the Co-operative Housing Federation of Canada.
    "We take care of the buildings because we live here and we're proud of
our homes, said Richard Saunders, Vice President of Roedean Co-operative Homes
in Oakville, the site of the announcement. "And this new funding for
renovations for social housing will really help us in that work."
    "CHF Canada congratulates Minister Finley and her government on this
initiative. The launch of this renovation and retrofit program will help to
ensure that Canada's housing co-operatives are preserved as a legacy for the
long-term benefit of all Canadians," said CHF Canada's Executive Director
Nicholas Gazzard. "It will also provide economic stimulus and achieve
significant energy savings."
    Today's announcement, by the Hon. Diane Finley, Minister Responsible for
CMHC, and Terence Young, the Member of Parliament for Oakville was made at
Roedean Co-operative Homes, a 100-unit housing co-operative in Oakville,
Ontario developed in 1992.
    Gazzard pointed out that Canada's more than 1,400 federally-sponsored
housing co-ops are ready to make fast and effective use of federal stimulus
funding. "Our member co-operatives have told us that they are ready to
renovate. This program will help them to make use of today's energy efficient
housing technologies, so that their future operating costs can be kept as low
as possible."
    The application process announced today will be used by
federally-administered housing co-ops in Ontario, Quebec, British Columbia,
Alberta and Prince Edward Island. In other provinces, co-ops and other
providers of non-profit housing are eligible for federal and provincial cost
shared funding also announced in the January federal Budget.

    CHF Canada is the national voice of the Canadian co-operative housing
movement. Its members include nearly 900 non-profit housing co-operatives and
other organizations across Canada. More than a quarter of a million Canadians
live in housing co-ops, in every province and territory.




For further information:

For further information: Nicholas Gazzard, Executive Director (613)
230-2201 ext. 230, or (613) 293-8913 (cell), ngazzard@chfcanada.coop; Merrilee
Robson, Program Manager, Communications, 1-877-533-2667, ext. 122, or (778)
227-3864 (cell), mrobson@chfcanada.coop


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