Tory commits to unlock one billion dollars to fix rundown social housing

    TORONTO, Sept. 30 /CNW/ - Ontario PC Leader John Tory today committed
that a Progressive Conservative Government will invest to improve the living
conditions for low-income families who reside in social housing throughout
    "As the former volunteer chair of the United Way in Toronto, I have seen
first hand the challenges that face the most vulnerable people in our
community," Tory said. "Whatever reasons or circumstances may lead people into
poverty must not be allowed to rob them of their right to hope, opportunity,
dignity, government services and protection under the law."
    Tory made his comments at Toronto's Flemingdon Park neighbourhood. A
large number of Flemingdon Park residents currently reside in social housing,
where there are persistent complaints about issues ranging from leaking roofs,
substandard plumbing, poor air circulation, poor security and general
    "It is clear that something needs to be done to improve these living
conditions.  We need new leadership to fill this gap," Tory said.
    Under John Tory's plan, a PC government will unlock $1 billion for
capital repairs and new construction over the next ten years.
    Currently, social housing operators lack the funding flexibility to raise
funds needed for capital repairs.
    Subsidies to cover the full cost of borrowing will be made available to
support an additional $100 million in project financing each year for ten
years.  This will begin at a cost of $6.5 million in the first year, growing
to $65 million when fully implemented in ten years.
    Tory also announced changes to Ontario's shelter system that will give
municipalities the flexibility to spend money and resources on building
permanent housing for low-income families in addition to providing temporary
emergency shelter.
    "Improving the housing in our most disadvantaged neighbourhoods is one of
the most important things we can do to help families escape poverty and live
with real dignity and respect," concluded Tory.

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For further information:

For further information: Mike Van Soelen, Tel: (647) 722-1760

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