New affordable housing project opens in Hamilton



    HAMILTON, ON, June 22 /CNW/ - Canada's New Government, the Government of
Ontario and the City of Hamilton held a ribbon-cutting ceremony today to mark
the official opening of T. Valeri Construction Limited, an affordable housing
project that provides rental units for lower-income families under the
Canada-Ontario Affordable Housing Program.
    David Sweet, Member of Parliament for
Ancaster-Dundas-Flamborough-Westdale, on behalf of the Honourable Monte
Solberg, Minister of Human Resources and Social Development; Judy Marsales,
Member of Provincial Parliament for Hamilton West, on behalf of the Honourable
John Gerretsen, Ontario's Minister of Municipal Affairs and Housing; and Ward
1 Councillor Brian McHattie attended today's ceremonies.
    "Canada's New Government is committed to helping create new affordable
housing across Ontario," said Mr. Sweet. "This project will help many
lower-income Hamilton families access quality, affordable housing and start a
new page in their lives."
    "The McGuinty government recognizes the importance of providing
affordable housing in Ontario," said MPP Marsales. "By partnering with the
different levels of government and private-sector organizations, we are able
to help the residents of Hamilton who need our support the most."
    The $10.7 million project, including over $2 million from the
Canada-Ontario Affordable Housing Program, will provide 75 units at 450
Cumberland Avenue in the City of Hamilton. The project is sponsored by T.
Valeri Construction Limited, and the units will be occupied by lower-income
families.
    Federal and provincial funding was complemented by more than $1.4 million
in municipal financial incentives.
    "The project at 450 Cumberland Avenue is an excellent example of the City
partnering with our federal and provincial governments and the private sector
to provide new rental housing in our community," said Councillor Brian
McHattie. "It revitalizes an inner-city neighbourhood by promoting new
residential development on a vacant parcel of land."
    "This project is a direct result of a successful partnership between the
federal, provincial, and municipal governments," said Ted Valeri of T. Valeri
Construction Limited. "As a result of the Affordable Housing Program, we were
able to develop a vacant and underutilized site in the City of Hamilton and
construct some very attractive townhouses for families."
    In Hamilton, the Government of Canada, through the Canada Mortgage and
Housing Corporation (CMHC), has contributed $9.68 million through the
Canada-Ontario Affordable Housing Program.
    The new Canada-Ontario Affordable Housing Program Agreement 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
20,000 households in Ontario.

    
    Disponible en français

    For more information, please visit:  http://www.cmhc.ca
                                         http://www.mah.gov.on.ca
                                         http://www.myhamilton.ca
    





For further information:

For further information: Media Contacts: Beth Bailey, Canada Mortgage
and Housing Corporation, (416) 218-3355; Patti Munce, Office of Minister
Gerretsen, (416) 585-6333; Jen Recine, City of Hamilton, (905) 546-2424 ext.
7302; Susan Bacque - Affordable Housing Inquiries, Ministry of Municipal
Affairs and Housing, (416) 585-7021

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Ontario Ministry of Municipal Affairs and Housing

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