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$56 Million Allocated for Affordable Housing in Ontario

TORONTO, Ontario, February 26, 2004 — More than 2,300 new affordable housing units will be created in municipalities in Ontario thanks to $56 million in funding under the Canada-Ontario Affordable Housing Program.

The announcement was made by the Honourable Andy Scott, Minister of State (Infrastructure) and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), and the Honourable David Caplan, Ontario's Minister of Public Infrastructure Renewal.

"The Government of Canada is committed to providing quality affordable housing for those Canadians who need it most," said Minister Scott. "Housing is an important part of our commitment to build healthy, sustainable communities. We look forward to working closely with our provincial and municipal partners to continue to address these needs in Ontario and across the country."

"Our government believes it is important to help to provide affordable housing for needy people in the province," said Minister Caplan. "By strengthening the communities in which we live, we are providing our people with a quality of life that is second to none."

The funding announced today will help to create a total of 2,306 new affordable housing units under the Canada-Ontario Affordable Housing Program. The funding includes $41.8 million for 26 pilot projects located in eight municipalities; $13.2 million allocated for affordable housing in four municipalities; and $1.0 million for the repair and renovation of housing in northern Ontario.

The Canada-Ontario Affordable Housing Agreement is a five-year commitment that will create affordable housing units in Ontario. This partnership combines $245 million in Government of Canada funding with matching contributions from the Government of Ontario, municipalities and other private and non-profit partners.

For further information please contact:

Mary Johnson
Office of Minister of State Scott
(613) 952-1684

Ross Parry
Office of Minister Caplan
(416) 325- 1657

For more information visit:
www.mah.gov.on.ca

Backgrounder

Affordable Housing Pilot Projects

Affordable Housing Allocations

Affordable Housing Remote Allocation