LONDON, ONTARIO
- April 26, 2010 - The
Government of Canada announced today that thirty-eight
housing co-operative projects located in the London area
will receive more than $1.2 million, through Canada's
Economic Action Plan, as part of the social housing
renovation and retrofit investments.
The announcement was made at the Westminster Housing
Co-op Inc. by Ed Holder, Member of Parliament for London
West, on behalf of the Honourable Diane Finley, Minister of
Human Resources and Skills Development and Minister
Responsible for Canada Mortgage and Housing Corporation
(CMHC).
"Through Canada's Economic Action Plan, our government is
taking action to help ensure our economic recovery and
create the conditions for long-term growth," said MP
Holder. "Funding renovation and retrofit projects, like
these ones, will not only improve the quality of life of the
residents by keeping their homes safe and affordable, but it
will also help stimulate the local economy and create jobs."
The Government of Canada, through Canada's Economic
Action Plan, announced $1 billion for social housing
renovation and retrofit. Of the $1 billion, $850 million is
being delivered by provinces and territories on a
cost-matched basis for existing federally assisted social
housing projects which they administer on behalf of the
partnership. The remaining $150 million is being delivered
by CMHC for existing federally assisted off-reserve housing
which it directly administers. Eligible repairs include
general improvements, energy efficiency upgrades or
conversions, and modifications in support of persons with
disabilities.
The housing co-operatives projects that will receive
contributions from the Government of Canada today are:
"We congratulate and thank the
federal government, MP Ed Holder and CMHC for making a sound
investment to help ensure that this affordable community is
preserved as a legacy for the long-term benefit of its
residents," said Ken Elliott, President of the Co-operative
Housing Federation of Canada. "Today's announcement is an
excellent example of stimulus funding that works towards
preserving jobs, assisting the local economy, and protecting
valuable affordable housing assets for Canadians."
"We are very pleased to be receiving the Renovation and
Retrofit grant through Canada's Economic Action Plan to
improve our cooperative," said Gwen Howard, Treasurer of
Westminster Housing Co-operative Inc. "These significant
renovations will have a tremendous positive impact for our
members and their quality of life."
More information on this and other measures in Canada's
Economic Action Plan, the federal government's plan to
stimulate the economy and protect those hit hardest by the
global recession, can be found at: ww.actionplan.gc.ca.
To find out more about how the Government of Canada and
CMHC are working to build stronger homes and communities for
all Canadians, call CMHC at 1-800-668-2642 or visit
www.cmhc.ca/housingactionplan.
