County of Lanark gets $1.3 million boost for affordable housing

    COUNTY OF LANARK, ON, Jan. 20 /CNW/ - The Government of Canada and the
Government of Ontario today announced more than $1.3 million in funding for
affordable housing in the Town of Perth and Lanark County. The funding will
help create 15 new affordable rental units and help 46 renter households enter
the housing market through interest-free down-payment assistance loans.
    The announcement was made by Gary Schellenberger, Member of Parliament
for Perth - Wellington, on behalf of the Honourable Diane Finley, Minister of
Human Resources and Skills Development Canada and Minister Responsible for
Canada Mortgage and Housing Corporation (CMHC), and the Honourable Jim Watson,
Ontario's Minister of Municipal Affairs and Housing.
    "The Government of Canada is committed to making affordable housing
available in Ontario and across Canada for those who need it most," said MP
Schellenberger. "Through this investment we are making an important difference
in the lives of seniors and individuals with special needs in the Town of
Perth and Lanark County who are working towards building a stronger and better
future for themselves."
    "Through this allocation to Lanark County, the McGuinty government is
renewing its commitment to work with our housing partners to grow the supply
of affordable housing," said Minister Watson.
    The $1.3 million allocation includes $1.05 million for a 15-unit project
in Perth. The project is sponsored by 6432581 Canada Inc., and the units will
be occupied by seniors and individuals with special needs.
    The allocation also includes $297,500 in down-payment assistance for 46
households in Lanark County.
    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. Under the AHP, every region in Ontario has been
allocated a specific amount of funding to assist low to moderate-income rental
households to purchase affordable homes through interest-free down-payment
assistance loans.

    Disponible en français
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For further information:

For further information: Media Inquiries: Julie Vaux, Office of the
Honourable Diane Finley, (819) 994-2482; Nicole Burgers, Canada Mortgage and
Housing Corporation, (416) 250-2760; Adam Grachnik, Office of Minister Watson,
(416) 585-6492

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Ontario Ministry of Municipal Affairs and Housing

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