Federal budget's attention to renovation, housing will help the economy and those in need, co-ops say

    OTTAWA, Jan. 27 /CNW Telbec/ - The federal budget's allocation of funding
for more affordable housing and renovation of existing stock will help deal
with Canada's affordable housing problem and put Canadians back to work, the
Co-operative Housing Federation of Canada said today.
    Canada's 2,200 housing co-ops welcomed the $1 billion fund to renovate
existing social housing and for energy retrofits. "These funds will help
preserve Canada's investment in affordable housing," said Nicholas Gazzard,
executive director. "They will allow housing co-ops to renovate their
buildings, save money on energy costs, and reduce greenhouse gas emissions.
Our members have been promoting this idea for several years and will put these
funds to good use."
    "Increased funding for the Affordable Housing Initiative is also very
welcome. We've seen housing starts drop off across Canada, while housing
affordability is an increasing problem for low-income Canadians," Gazzard
said. "Development of new affordable housing will create new jobs while
investing in housing that is needed in communities across the country."
    Gazzard pointed out that both of these measures will help create jobs for
construction workers and have an impact on the forest and manufacturing
industries. "With this budget, the government has made a wise decision to
stimulate the economy and deliver real results for Canadians in need of
    "We look forward to more details about this funding. We are always
looking for ways to increase the stock of co-operative housing in Canada, as
well as preserving the housing we already have."

    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, (613) 293-8913 (cell), ngazzard@chfcanada.coop; Merrilee
Robson, Program Manager, Communications, 1-877-533-2667, ext. 122, (778)
227-3864 (cell), mrobson@chfcanada.coop

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890