COBOURG, ON, July 10, 2017 /CNW/ - The governments of Canada and Ontario announced the funding of three affordable housing developments across Northumberland County and Quinte West with a ground-breaking event at 86 Munroe Street in Cobourg. When completed, this development by Retirement Life Communities will provide 14 units of affordable rental housing for seniors.
Kim Rudd, Member of Parliament for Northumberland-Peterborough South, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation, along with Lou Rinaldi, Member of Provincial Parliament for Northumberland-Quinte West, on behalf of the Honourable Chris Ballard, Ontario's Minister of Housing and Minister Responsible for the Poverty Reduction Strategy, made the announcement today. Mayor of Cobourg, Gil Brocanier, also participated in the event.
The Retirement Life Communities development received more than $1.64 million in combined federal and provincial funding through the Investment in Affordable Housing agreement.
The announcement also celebrated two other initiatives, which will provide an additional 25 affordable housing units in Northumberland County and Quinte West, bringing the total federal and provincial contributions for all three housing developments to more than $3.79 million.
The following developments were also celebrated today:
- Twenty-four units of affordable rental housing at 6-39 Kingspark Avenue in Campbellford, which received more than $2 million in funding.
- One unit of affordable housing at 23A Gould Street in Trenton, which received $150,000 in funding
"Our Government is committed to working with Ontario to develop and implement local solutions to housing. This investment is helping Ontarians access safe and affordable housing that meets their needs." – Kim Rudd, Member of Parliament for Northumberland-Peterborough South
"Ontario is working hard to provide individuals and families across the province with a safe and affordable place to call home. We believe our partnerships with the federal government and municipalities help us achieve that goal, allowing us to strengthen our local communities." – Lou Rinaldi, Member of Provincial Parliament for Northumberland-Quinte West
"Northumberland County thanks the Governments of Canada and Ontario for this investment, which addresses a pressing need in our community by supporting the expansion of our local stock of affordable housing. One of the County's strategic priorities is to foster a thriving and inclusive community, and increasing the number of quality affordable rental units is vital to this effort." – Mark Walas, Warden, Northumberland County
"Having the opportunity to provide affordable housing in Northumberland County, and especially in the Town of Cobourg is an honour. We strive to deliver high quality housing which meets and exceeds expectations, all at affordable costs to meet the needs of the residents of our community. On behalf of my company, Retirement Life Communities, Lawson Gay of Gay Company Limited and our joint venture, Affordable Housing Solutions Corporation, we wish to thank all the individuals, too numerous to name who have worked so tirelessly to make the project a reality." – Josef Ger & Lawson Gay, Founders, Affordable Housing Solutions Corporation
- Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC's operations. For more information, please call 1-800-668-2642 or visit www.cmhc.ca.
- Investing in affordable housing programs is part of Ontario's plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario's recent Long-Term Affordable Housing Strategy update, and support the province's goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing.
- Follow CMHC on Twitter, YouTube, LinkedIn and Facebook.
- Follow Ontario's Ministry of Housing on Twitter.
SOURCE Canada Mortgage and Housing Corporation
For further information: Media contacts: Émilie Gauduchon, Press Secretary, Office of Minister Duclos, 819-654-5546, [email protected]; Angelina Ritacco, Public Affairs, Canada Mortgage and Housing Corporation, 416-218-3320, [email protected]; Myriam Denis, Press Secretary and Communications Advisor, Office of Minister Ballard, 416-585-6333, [email protected]; Conrad Spezowka, Communications, Ministry of Housing, 416-585-7066, [email protected]