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New Rental Housing in Whitefish River First Nation

BIRCH ISLAND, Ontario, February 28, 2005 — Whitefish River First Nation held true to their slogan of "A Place of Visions and Dreams" today, as Elder Violet McGregor and Chief Franklin Paibomsai were joined by the community to celebrate a ribbon-cutting ceremony to officially open two triplex buildings that will be the brand new home to six band members in need of housing.

Known as the Maple Heights subdivision, the new units were made possible thanks in part to a Canada Mortgage and Housing Corporation (CMHC) direct loan of $497,490 and more than $93,000 in equity from Whitefish River First Nation. Under the On-Reserve Non-Profit Housing Program, CMHC is also providing an annual planned subsidy of $32,519 over the twenty five year life of the loan.

"The construction of these two triplex buildings marks an important step forward for the people of the Whitefish River First Nation community," said Brent St. Denis, Member of Parliament for Algoma-Manitoulin-Kapuskasing, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing. "The Government of Canada is proud to partner with the members of this community, and they are to be applauded for bringing this project to fruition."

"We believe this housing project is a successful partnership between governments," said Chief Paibomsai. "We asked our workers to give their best to help build a healthier community, and they responded in a positive and very proactive manner. Our workers have built beautiful homes that our entire community can be very proud of."

CMHC's On-Reserve Non-Profit Housing Program assists First Nations in the construction, purchase and rehabilitation, and administration of quality housing for Aboriginal people living on-reserve.

CMHC provides approximately $120 million in on-reserve funding each year to support some 24,000 units on behalf of the Government of Canada. CMHC is also encouraging more homeownership on-reserve through mortgage loan insurance.

CMHC is Canada's national housing agency with a mandate to help Canadians gain access to safe, quality, and affordable housing. CMHC supports the Canadian housing industry and improves the living conditions of Canadians through mortgage loan insurance and securitization, assisted housing, research and information transfer, and the promotion of Canadian housing exports.

For further information, please contact:

Bill Beatty, Manager
Ontario Assisted Housing
(416) 218-3308

Nancy MacMillan, Senior Consultant
Communications & Marketing
(416) 218-3336

News source: Canada Mortgage and Housing Corporation (CMHC)


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