CanEquity Mortgage Canada
Canadian mortgage rates,
mortgage calculator & news.

Canadian Mortgage News

November 2005 National News Archive


Related Links:
National Archive
2005 Archive
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
December 2005

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

Affordable Housing Project Begins Construction [Brantford, Ontario]

BRANTFORD, Ontario, November 9, 2005 — The Government of Canada, the Government of Ontario, and the City of Brantford held a plaque dedication ceremony today to mark the start of construction on a project that will create 27 units of affordable housing in the City of Brantford under the Canada–Ontario Affordable Housing Program.

Lloyd St. Amand, MP for Brant, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing; Dave Levac, MPP for Brant, on behalf of Ontario Minister of Municipal Affairs and Housing; the Honourable John Gerretsen; and Brantford Mayor Mike Hancock attended the ceremony.

"Quality, affordable housing is a vision the Government of Canada shares with our provincial and not-for-profit partners for the people of Ontario," said Llyod St. Amand, MP for Brant, on behalf of the Honourable Joe Fontana, Minister of Labour and Housing. "Projects such as this being celebrated today in the City of Brantford will help ensure those with lower incomes can access affordable housing in their own community."

"One of the McGuinty government's top priorities is to invest in affordable housing for Ontarians who need it," said MPP Levac. "Housing is essential to building stronger communities. This project ensures that communities like Brantford can achieve their full potential and offer their residents a higher quality of life."

The $7.5 million project, including $830,979 from the Canada–Ontario Affordable Housing Program, will provide 27 apartments at 40 Queen Street in the City of Brantford. The project is sponsored by the Brantford YM-YWCA Non-Profit Homes Association, and the units will be occupied by single persons with lower-incomes.

"The redevelopment of the former YMCA is a critical component of Brantford's downtown renewal," said Mayor Hancock. "This project, a partnership between all three levels of government and Y Homes, is quite special because we are providing much needed affordable housing and student residences, and we are able to preserve a historic building."

The federal and provincial allocation under the Canada–Ontario Affordable Housing Program will be complemented by $396,387 from the City of Brantford, plus other municipal financial incentives for this project.

In the City of Brantford, the Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), has contributed $2.5 million under the Canada–Ontario Affordable Housing Program Agreement.

The new federal-provincial agreement, signed April 29, 2005, comprises a commitment of $301 million from each of the two levels of government. With this commitment, the federal, provincial and municipal governments will have invested more than $734 million over the life of the Canada–

Affordable Housing Program. In total, the program will assist some 20,000 Ontario households.

For more information, please contact:

Nancy MacMillan
Canada Mortgage and Housing Corporation
(416) 997-0720

Patti Munce
Office of Minister Gerretsen
(416) 585-6333

Rick Farrell
Director of Housing
(519) 759-1330

For more information visit

News source: Canada Mortgage and Housing Corporation (CMHC)


Top of page