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

La Résidence Rivière Richelieu — 70 New Affordable Housing Units in Richelieu

RICHELIEU, Québec, September 27, 2004 — The Honourable Jacques Saada, Minister of the Economic Development Agency of Canada for the Regions of Quebec and Minister responsible for the Francophonie, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing, Diane Legault, MNA for Chambly, on behalf of Jean-Marc Fournier, Minister of Municipal Affairs, Sports and Recreation, and Raymond Guertin, Mayor of Richelieu, along with Annie Lacoste, Jacques Gauvreau and Éric D'Avril, owners of the property, are pleased to announce today the official opening of La Résidence Rivière Richelieu. This new residence is providing 70 new affordable dwellings for seniors.

La Résidence Rivière Richelieu, for which the development costs were $3.1M, was built thanks to the participation of public and private partners. Government funding for this project, totalling $420,000, was provided under the Affordable Housing Agreement, in a proportion of 50% by Canada Mortgage and Housing Corporation (CMHC) and 50% by the Société d'habitation du Québec (SHQ) and the community, including a contribution of $63,000 from the municipality of Richelieu.

"The Government of Canada is pleased to work with the Government of Quebec, the municipality and community representatives to meet the needs of seniors in the region," said Minister Saada. "Adapted dwellings enable seniors to be better integrated in their environment. These homes enhance their quality of life and contribute to the sustainable development of communities."

"I am delighted with the construction of La Résidence Rivière Richelieu, which allows seniors to live in dwellings that meet their needs, while remaining in their environment. As well, La Résidence Rivière Richelieu is an excellent example of a successful partnership between governments and private sector developers," indicated MNA Legault.

The private component of the Affordable Housing Québec program encourages private developers to produce housing units with rents that are affordable to moderate-income households. Municipalities play a lead role in the development of their own affordable housing programs, based on criteria established by the SHQ.

This project is being developed as part of the Government of Quebec initiative to produce 16,000 social, community and private housing units for low- and moderate-income households. This initiative is notably supported by federal funds made available under Affordable Housing Agreements.

It should be recalled that an Affordable Housing Agreement was signed between CMHC and the SHQ. It provides for a total contribution of $323.3M to increase the supply of affordable housing in Quebec, with $161.65M from the federal government, $104M from the Quebec government and $57M from the municipalities participating in the program.

Sources:

Yvon Marois
Communications Advisor
Société d'habitation du Québec
(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

News source: Canada Mortgage and Housing Corporation (CMHC)

 

Top of page