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Ontario Communities Get $90 Million Boost for Affordable Housing

TORONTO, Ontario, August 25, 2006 — The Government of Canada and the Government of Ontario today allocated almost $90 million to create approximately 1,900 new affordable housing units in 21 towns and cities across Ontario under the Canada – Ontario Affordable Housing Program.

The announcement was made by the Honourable Diane Finley, Minister of Human Resources and Social Development Canada and John Gerretsen, Ontario’s Minister of Municipal Affairs and Housing.

“Canada’s new Government is very proud to be part of the largest announcement of affordable housing projects in Ontario in many years. This strong commitment will provide thousands of seniors, low income singles and families, and people with disabilities or special needs with high quality, low cost homes,” said Minister Finley.

"The McGuinty government has put Ontario back into the affordable housing business in a meaningful and significant way.” said Minister Gerretsen. "The development of these projects is a major step forward in helping to ensure that the most vulnerable members of our society can live with the dignity and respect they deserve.”

The new Canada – Ontario Affordable Housing agreement includes a commitment of $301 million from each of the two levels of government. The agreement brings the total amount invested in affordable housing in Ontario by federal, provincial and municipal governments to at least $734 million over the life of the program. This will mean assistance to some 20,000 households in total under the Affordable Housing Agreement.

Media Inquiries:

Nancy MacMillan
Senior Communications Consultant
CMHC
416-218-3336
Patti Munce
Office of Minister Gerretsen
416-585-6333


For more information visit
www.mah.gov.on.ca

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Canada – Ontario Affordable Housing Program Projects