Toronto gets $4.34 million boost for affordable housing



    TORONTO, Feb. 10 /CNW/ - The Government of Canada, the Government of
Ontario and the City of Toronto today announced $4.34 million in funding that
will help to create 62 new affordable rental homes for seniors under the
Canada - Ontario Affordable Housing Program.
    The announcement was made by Jim Flaherty, Finance Minister and Minister
Responsible for the GTA, on behalf of the Honourable Diane Finley, Minister of
Human Resources and Social Development Canada and Minister Responsible for
Canada Mortgage and Housing Corporation (CMHC); Laurel Broten, MPP for
Etobicoke-Lakeshore, on behalf of the Honourable Jim Watson, Minister of
Municipal Affairs and Housing; and Councillor Giorgio Mammoliti, Chair,
Affordable Housing Committee, City of Toronto, on behalf of Mayor David
Miller.
    "The Government of Canada is committed to making affordable housing
available in Ontario and across Canada for those who need it most," said
Minister Flaherty. "These seniors in Toronto will now have access to quality,
affordable housing and the services that meet their specific needs, while
remaining close to their families and friends in the community."
    "Access to safe, affordable housing is vitally important to the economic
and social well-being of Ontario's communities," said MPP Broten. "Through
this allocation to the City of Toronto, the McGuinty government is renewing
its commitment to work with our housing partners to grow the supply of
affordable housing."
    The City of Toronto is investing an additional $3.2 million, as well as
waiving development charges and property taxes.
    "I'm proud that we are able to provide much needed affordable housing for
Torontonians as well as create jobs," Coun. Mammoliti said. "By working
together, all orders of government are making Toronto a city that is liveable,
prosperous and provides opportunity to all residents."
    The $4.34 million allocation to Toronto will help fund the conversion of
a former chronic-care facility into seniors housing at 717 Broadview Ave. The
development is being led by Toronto Community Housing Corporation.

    The Canada - Ontario Affordable Housing Program comprises a commitment of
$301 million from the federal and provincial governments. 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 visit: http://www.cmhc.ca
                                www.ontario.ca/housing
                                www.toronto.ca/affordablehousing
    





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; Gil Hardy, Affordable Housing Office, City of Toronto, (416)
397-4701, ghardy@toronto.ca

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Ontario Ministry of Municipal Affairs and Housing

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