HAMILTON, Ontario, February 26, 2004 — Two pilot projects that will create 60 units of affordable housing for low-income people in the City of Hamilton have been allocated a total of $1.6 million under the Canada-Ontario Affordable Housing Program.
The announcement was made by the Honourable Joseph Volpe, Minister of Human Resources and Skills Development, and Dominic Agostino, MPP Hamilton East, as part of $56 million allocated today to communities across Ontario
"The development of affordable housing is a priority for the Government of Canada. We are pleased to be working with the province and the City of Hamilton to make a difference in the lives of those Canadians who need it most," said Minister Volpe.
"The affordable housing program is an important part of the provincial government's efforts to strengthen the communities in which we live, and provide our people with a quality of life that is second to none," said Mr. Agostino.
"This is very welcome news for the creation of desperately needed affordable housing units in Hamilton," said Hamilton Mayor Larry Di Ianni. "This announcement is an important step forward in a long-term commitment by the senior levels of government in addressing the affordable housing shortage in Hamilton."
The allocation to Hamilton includes:
Today's federal and provincial allocation will be complemented by more than $1.7 million in City of Hamilton capital funding plus other municipal financial incentives.
In the City of Hamilton, the Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), has contributed $1.5 million through the Canada-Ontario Affordable Housing Program Agreement.
The pilot projects are part of a five-year commitment that will create affordable housing units in Ontario. This partnership combines Government of Canada funding of $245 million with matching contributions of the Government of Ontario, municipalities and other private and non-profit partners.
For further information please contact:
Office of Minister of State Scott
Office of Minister Caplan
City of Hamilton
(905) 546-2424 ext 3745
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