Privacy  
CanEquity Mortgage Canada
Canadian mortgage rates,
mortgage calculator & news.

Canadian Mortgage News

September 2004 National News Archive

 

Related Links:
National Archive
2004 Archive
January 2004
February 2004
March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004


CanEquity Mortgage News RSS 2.0 Feed

CanEquity Mortgage News Atom Feed

About RSS and Atom Feeds

Portable Document Format Printable Version Page d'accueil franšais

Résidence Marguerite d'Youville

34 New Social and Community Housing Units in Ville-Marie

VILLE-MARIE, Québec, September 10, 2004 — The Honourable Joseph Frank Fontana, Minister of Labour and Housing, and the Member of the National Assembly for Rouyn-Noranda — Témiscamingue, Mr. Daniel Bernard, on behalf of Mr. Jean-Marc Fournier, Minister of Municipal Affairs, Sports and Recreation, officially opened the Résidence Marguerite d'Youville today, in the presence of Mr. Sylvain Trudel, Mayor of Ville-Marie, and Ms. Blanche Leblanc, chair of the residence's board of directors. This residence provides 34 new housing units for frail seniors.

The Résidence Marguerite d'Youville, which required investments of more than $1.3M, was developed thanks to the participation of public, private and community partners. Funding for the construction work, totalling $1,251,239, was provided under the Affordable Housing Agreement in a proportion of 50% by Canada Mortgage and Housing Corporation and 50% by the Société d'habitation du Québec and the community, including contributions of $310,200 from the Sisters of Charity of Ottawa and $7,500 from the municipality of Ville-Marie. The other costs were assumed by the organization "La Table de concertation locale pour les personnes âgées du Témiscamingue" through a mortgage guaranteed by the Société d'habitation du Québec.

"The Government of Canada is pleased to work in cooperation with the province, the municipality and community representatives to meet the housing needs of the citizens of Ville-Marie," said Minister Joe Fontana. "The fruit of this collaboration will enable seniors in Ville-Marie to enjoy affordable housing, while continuing to fully contribute to the Ville-Marie community."

"It is with pride that I rejoice in the completion of this project, which allows seniors in the riding of Rouyn-Noranda — Témiscamingue to benefit from quality housing and services adapted to their needs, while letting them stay in their community," stated Mr. Bernard. "This is an excellent example of a successful partnership between governments, the community and the private sector."

Among the residents, 17 households can benefit from the Rent Supplement program, which provides financial assistance from the Société d'habitation du Québec for low-income individuals who would otherwise have to spend more than 25% of their income on housing.

It should be recalled that Ministers Fontana and Fournier have signed a second affordable housing agreement (Phase II), which provides for an additional contribution of $150M in Quebec for the production of new affordable housing for low-income households. The federal contribution will be $74.9M, with an equivalent amount being provided by Quebec (Société d'habitation du Québec (SHQ) and the municipalities). This brings the contribution by the different levels of government to the Affordable Housing Program to $473M, in order to provide affordable housing to those who are waiting for social housing.

Sources:

Yvon Marois
Communications Advisor
Communications
SHQ
(514) 864-2655

Marie-Chantale Lortie
Communications and Marketing
CMHC
(514) 496-4025

Information:

Stéphane Gosselin
Press Assistant to the Minister of Municipal Affairs, Sports and Recreation
(418) 691-2050
(514) 873-2622

News source: Canada Mortgage and Housing Corporation (CMHC)

 

Top of page