NEWMARKET, Ontario, February 26, 2004 — Two pilot projects that will create 118 units of affordable housing in York Region were allocated more than $3.1 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 Greg Sorbara, MPP Vaughan - King - Aurora, as part of $56 million allocated today to communities across Ontario.
"Today's investment in York Region demonstrates the Government of Canada's commitment to provide affordable housing in partnership with the province and region. We are working together 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. Sorbara.
"These two pilot projects will provide a blend of housing choices for seniors - a growing population in York Region," said York Regional Chair and CEO Bill Fisch. "In addition, they also go a long way in helping York Region meet its affordable housing goals."
The $3.1 million allocation to York Region includes:
Today's federal and provincial allocation will be complemented by more than $5.3 million in York Region capital funding plus other area municipal financial incentives.
In York Region, the Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), has contributed $2.9 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
(905) 830-4444 or (416) 297-9696, Ext. 1238
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