Niagara region celebrates over $1.8 million in funding for affordable housing



    THOROLD, ON, June 20 /CNW/ - The Government of Canada, the Government of
Ontario and the Region of Niagara today celebrated more than $1.8 million in
funding for affordable housing in Niagara region. This funding will help
create 26 new affordable rental units in two Niagara region projects.
    Rick Dykstra, Member of Parliament for St. Catharines, on behalf of the
Honourable Monte Solberg, Minister of Human Resources and Social Development
Canada; Jim Bradley, Member of Provincial Parliament for St. Catharines, on
behalf of the Honourable Jim Watson, Ontario's Minister of Municipal Affairs
and Housing; Thorold Mayor Henry D'Angela; and St. Catharines Councillor Jenny
Stevens attended the ceremony. Also participating in today's announcement were
Niagara Regional Chair Peter Partington and Niagara Regional Housing Board
Chair Karen Murray.
    "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. "Here in Niagara Region, these new projects will help low-income
individuals, some with special needs, access safe, affordable and quality
housing, helping them to build a stronger future."
    "Investing in affordable housing helps to address many of the poverty
concerns our communities have identified and has a direct impact on the health
and well-being of not only those in Niagara, but across the province," said
MPP Bradley. "These projects will significantly help numerous families right
here in Niagara access safe, affordable and quality housing, helping them to
build a stronger future."
    Today's announcement recognized two affordable housing projects in
Niagara Region, totalling over $2.3 million in capital costs:

    
    -  A three-unit project at 100 Ormond St. in Thorold, now officially
       open. The $289,000 project is sponsored by Capital Pines Development
       Inc. and received $205,800 under the Canada-Ontario Affordable Housing
       Program. The units will be occupied by low-income individuals. The
       federal and provincial allocations to the project were complemented by
       $12,500 in municipal financial incentives.

    -  A 23-unit project in St. Catharines, now under construction. The
       $2.1 million project is sponsored by 2077626 Ontario Ltd. and will
       receive $1.6 million under the Canada-Ontario Affordable Housing
       Program. The units will be occupied by low-income residents, some with
       special needs. The federal and provincial allocations to the project
       were complemented by more than $396,000 in municipal financial
       incentives.
    

    "It is through these kinds of partnerships that we are able to offer
further affordable housing to our residents," said Chair Partington. "These 26
homes will make a significant difference to those families, and my thanks to
the many people and partners who have made these developments a reality."
    "I am honoured that the City of Thorold was able to work in partnership
with Capital Pines and with the governments of Canada, Ontario, and the Region
of Niagara to ensure this opportunity exists for affordable housing," said
Mayor D'Angela.
    "As housing prices continue to escalate, access to affordable housing
presents a significant challenge to low-income families and individuals," said
Mayor McMullan. "These two projects will ensure access to safe, secure housing
for 26 families and individuals, including those with special needs, who often
face significant challenges in securing appropriate housing."
    "This public-private partnership project is a good example of what can be
accomplished when the various levels of government work cooperatively with the
private sector to reach our common goals," said Tim Kenny, President of
Capital Pines Developments. "Furthermore, the project reflects the principles
of Smart Growth which have been initiated by both the Region of Niagara and
the City of Thorold."
    "The Canada - Ontario Affordable Housing Program has dealt with two
housing issues, affordability and the creation of new rental housing stock,"
said Venanzio Pingue, President of 2077626 Ontario Ltd. "We are pleased that
this development will offer secure, affordable housing that is centrally
located on bus routes and convenient to all amenities."
    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 20,000
households in Ontario.

    Disponible en français





For further information:

For further information: Susan Monic, Canada Mortgage and Housing
Corporation, (416) 250-2745; Adam Grachnik, Minister Jim Watson's Office,
(416) 585-6492; Lora Beckwith, Niagara Regional Housing, (905) 682-9201 Ext.
3900; Keith Extance, Director, Housing Programs Branch, Ministry of Municipal
Affairs and Housing, (416) 585-7021; For more information visit:
http://www.cmhc.ca, http://www.mah.gov.on.ca


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