TORONTO, Ontario, April 29, 2005 — The Government of Canada and the Government of Ontario today signed an Affordable Housing Agreement, which will commit $602 million over the next four years to increase the supply of affordable housing in the province.
The agreement was signed today by the Honourable Joe Fontana, Minister of Labour and Housing, and the Honourable David Caplan, Ontario's Minister of Public Infrastructure Renewal.
The federal/provincial agreement includes a commitment of $301 million from each level of government.
The agreement brings the total amount invested in affordable housing in Ontario by the federal, provincial and municipal governments to $734 million over the life of the program. This will mean assistance to some 20,000 households in total under the Affordable Housing Agreement, including rent supplement for more than 5,000 lower-income families in Ontario.
"The Government of Canada introduced a number of flexibilities, including rent supplements, that have enabled Ontario to move forward with housing initiatives under today's agreement," said Minister Fontana. "Ontario residents will now be able to obtain the same access to safe, affordable housing that we have been able to create across the country. I will continue to work with the province, municipalities, and stakeholders to flow these new funds quickly."
"Safe, secure affordable housing is a basic human need," said Minister Caplan. "This agreement represents a giant leap forward in providing more affordable housing in communities across Ontario, and will give thousands of people, including persons with mental illness, victims of domestic violence and lower-income families, a place to call home."The Affordable Housing Agreement will provide financing for the following:
For further information please contact:
Office of Minister Fontana
Office of Minister Caplan
Market Housing Branch
(left to right) Minister Joe Fontana and Minister David Caplan, Ontario Minister of Public Infrastructure Renewal.
(left to right) London-West MPP Chris Bentley; London North Centre MPP Deb Matthews; Minister Caplan; Councillor Susan Eagle; Minister Fontana (in front of the construction site for Homes Unlimited).
Affordable Housing Program Agreement (New Agreement)
The Governments of Canada and Ontario signed an Affordable Housing Agreement on May 30, 2002 — the first phase provided federal funding of $245 million together with matching contributions from the Province of Ontario, municipalities and other housing partners. Approximately $73 million of federal funding has been committed under this agreement.
Today's announcement increases the total federal investment under the Canada-Ontario Affordable Housing Agreement to a total of $734 million in funding to be spent by 2010. This investment is being shared by the Government of Canada, the Province of Ontario and municipalities. Funding will be used for: