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

Canadian Mortgage News

April 2007 National News Archive

 

Related Links:
National Archive
2007 Archive
January 2007
February 2007
March 2007
April 2007
May 2007
June 2007
July 2007
August 2007
September 2007
October 2007
November 2007
December 2007


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

New Affordable Housing Project Open in Peterborough

PETERBOROUGH, Ontario, April 20, 2007 — Canada’s New Government, the government of Ontario and the City of Peterborough held a ribbon-cutting ceremony today to mark the official opening of Maryland Place, a conversion project that provides 23 affordable rental units for singles and seniors under the Canada – Ontario Affordable Housing Program.

Peterborough Member of Parliament Dean Del Mastro, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development; Jeff Leal, MPP for Peterborough, on behalf of the Honourable John Gerretsen, Ontario’s Minister of Municipal Affairs and Housing; and Peterborough Mayor Paul Ayotte attended today’s ceremony.

“This project will help many lower-income individuals and seniors in Peterborough access quality, affordable housing,” said MP Del Mastro. “Canada’s New Government is very proud to have made a significant contribution to this project, which will provide safe and supportive housing for those who need it in this community.”

“Affordable housing is a priority for the McGuinty government,” said MPP Leal. “We are proud to work with our federal and municipal partners to support initiatives such as Maryland Place, which will provide long-term affordable housing for singles and seniors with lower incomes in Peterborough. Today’s project is another great example of collaboration between all levels of government.”

The $1.04 million project, including $462,714 from the Canada – Ontario Affordable Housing Program, will provide 23 apartments at 716 Maryland Avenue in the City of Peterborough. The project is sponsored by the Maryland Place Inc., and the units will be occupied by lower-income individuals and seniors.

Federal and provincial funding was complemented by more than $278,000 in municipal financial incentives.

“This is more good news for our community,” said Mayor Paul Ayotte. “We appreciate the support of the senior levels of government to make affordable housing projects such as Maryland Place a reality. The City looks forward to working with our private sector partners to address the pressing need for housing for lower-income people.”

“By partnering with governments we were able to convert the former Convent of the Sisters of the Precious Blood into 23 affordable apartments,” said David Rosefield of Maryland Place Inc. “It’s exciting to see tenants moving in and we look forward to the long-term operation of this affordable housing project in our community.”

In Peterborough, the Government of Canada, through the Canada Mortgage and Housing Corporation (CMHC), has contributed $8.4 million through the Canada – Ontario Affordable Housing Program.

The new Canada – Ontario Affordable Housing Program Agreement comprises a commitment of $301 million from each of the two senior levels of government. In total, the federal, provincial and municipal governments will invest at least $734 million in the program, which will provide affordable housing for 20,000 households in Ontario.

Media Contacts:

Beth Bailey
Canada Mortgage and Housing Corporation
416-218-3355

Patti Munce
Office of Minister Gerretsen
416-585-6333

Lesley Thomson,
City of Peterborough
705-742-7777 Ext.1492

Susan Bacque — Affordable Housing Inquiries
Ministry of Municipal Affairs and Housing
416-585-7021

For more information, please visit: www.mah.gov.on.ca

News source: Canada Mortgage and Housing Corporation (CMHC)

 

Top of page