Peterborough celebrates new affordable housing for seniors

    PETERBOROUGH, ON, Aug. 15 /CNW/ - The Government of Canada, the
Government of Ontario and the City of Peterborough today celebrated the
opening of a new affordable housing project supported by over $1.7 million in
funding under the Canada-Ontario Affordable Housing Program.
    Dean Del Mastro, Member of Parliament for Peterborough, on behalf of the
Honourable Monte Solberg, Minister of Human Resources and Social Development;
Jeff Leal, Member of Provincial Parliament for Peterborough, on behalf of the
Honourable Jim Watson, Minister of Municipal Affairs and Housing; Peterborough
Second Deputy Mayor Doug Peacock on behalf of Mayor Paul Ayotte; and
affordable housing sponsor Maurice Kagan and Francesco Bizzotto of Amadeo
Developments attended the ceremony.
    "Our Government is committed to making affordable housing more available
in Ontario and across Canada for those who need it most," said MP Del Mastro.
"Seniors in Peterborough will now have access to quality, affordable housing,
while remaining close to their families and friends in the community."
    "Myrtle Terrace represents the success of partnership, innovation and
creativity," said MPP Leal. "This project is providing better, more affordable
housing for seniors and others living on lower, fixed incomes."
    Today's ribbon-cutting event marked the opening of a 60-unit project for
seniors. The $9.6 million project sponsored by Amadeo Development, received
$1.74 million under the Canada-Ontario Affordable Housing Program.
    The federal and provincial allocations to the project were complemented
by more than $700,000 in municipal financial incentives.
    "The City of Peterborough is pleased to have people like Maurice Kagan
and Amadeo Developments come forward with ideas to address affordable housing
in our community," said Mayor Paul Ayotte. "The private and non-profit sectors
are rising to the challenge and facilitating projects with City and County
support and through funding from the senior levels of government. One project
at a time, we are making a difference."
    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.

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For further information:

For further information: Susan Monic, Canada Mortgage and Housing
Corporation, (416) 250-2745; Adam Grachnik, Minister Jim Watson's Office,
(416) 585-6492; Susan Bacque, City of Peterborough, (705) 742-7777 Ext.1492;
Keith Extance, Director, Housing Division, Ministry of Municipal Affairs and
Housing, (416) 585-7021

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Ontario Ministry of Municipal Affairs and Housing

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