OAKVILLE, ON, May 25 /CNW Telbec/ - On Sunday, May 24, the Honourable
Diane Finley, Minister of Human Resources and Skills Development Canada and
Minister Responsible for Canada Mortgage and Housing Corporation, made an
announcement to upgrade and repair social housing across Canada as part of the
government's $1 billion funding commitment in Canada's Economic Action Plan.
The webcast of this announcement can be viewed at CMHC's website at:
The media release is attached for your information.
CMHC SOCIAL HOUSING RENOVATION AND RETROFIT
CREATES JOBS, HELPS COMMUNITIES
OTTAWA - May 24, 2009 - Social housing across Canada can now access
funding for renovation and retrofit projects, the Honourable Diane Finley,
Minister of Human Resources and Skills Development and Minister Responsible
for Canada Mortgage and Housing Corporation (CMHC), announced today.
"Social housing projects funded and administered by CMHC can now access
the funding they need to move forward quickly on repairs and renovations
needed to enhance aging housing stock across Canada. This funding benefits
communities by renewing social housing, as well as improving the quality of
life for the people who live there," said Minister Finley. "These projects
will also have tremendous spin-off benefits in terms of creating jobs and
helping to stimulate our economy."
As part of Canada's Economic Action Plan, the Government announced $1
billion for social housing renovation and retrofit. Of this amount, CMHC will
deliver $150 million targeted to federally administered social housing. The
remaining $850 million is being delivered by the provinces and territories on
a cost-shared 50/50 basis under the Affordable Housing Initiative to the
existing social housing projects they administer.
Eligible repairs include general improvements, energy-efficiency upgrades
or conversions and modifications in support of persons with disabilities.
"We congratulate Minister Finley and CMHC on launching the renovation and
retrofit initiative announced in the 2009 federal budget," said Nicholas
Gazzard, Executive Director of the Co-operative Housing Federation of Canada.
"This funding is welcome indeed. Besides providing much-needed economic
stimulus, it will help to ensure that Canada's housing co-operatives are
preserved as a legacy for the long-term benefit of all Canadians."
As Canada's national housing agency, CMHC draws on more than 60 years of
experience to help Canadians access a variety of quality, environmentally
sustainable, and affordable homes - homes that will continue to create vibrant
and healthy communities and cities across the country.
More information on this and other measures in Canada's Economic Action
Plan, a plan to stimulate the economy and protect those hit hardest by the
global recession, can be found at:
To apply, or for more information, visit CMHC's website at:
www.cmhc.ca/housingactionplan or by phone at 1-800-668-2642.
CMHC Media Relations
CMHC Media Relations, Ontario Region
Office of the Honourable Diane Finley
Minister of Human Resources
and Skills Development Canada
For further information:
For further information: media may contact: Michelle Bakos, Office of
the Honourable Diane Finley, Minister of Human Resources and Skills
Development Canada, (613) 218-9288; Kristen Scheel, CMHC Media Relations,