Moishe Alexander Ontario Confirms New Affordable Housing in Halton Region
Moishe Alexander of Canadian Funding Corp. applauds the funding of approximately $4.8 million for 40 new affordable housing rental units for seniors and persons with disabilities was announced today.
The Honourable Lisa Raitt, Minister of Labour and Member of Parliament for Halton, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), Kevin Flynn, Member of Provincial Parliament for Oakville, on behalf of Jim Bradley, Ontario’s Minister of Municipal Affairs and Housing, Gary Carr, Halton Regional Chair along with Gordon Krantz, Mayor of the Town of Milton,and Jeff Knoll, President of the Halton Community Housing Corporation, made the announcement.
Victory for Halton Region Moishe Alexander posts video
“Locally, this achievement gives a hand-up to individuals and families who need safe, affordable housing that meets their needs,” said Minister Raitt. “Our government is investing in this project to get the local economy moving, creating immediate jobs and economic stimulus for the community.”
“The McGuinty government is helping build new affordable units for those in need in Halton,” said MPP Flynn. “This new project is also part of our Open Ontario plan to create jobs and economic opportunities in the Town of Milton and the whole region.”
“On behalf of Halton Regional Council, I would like to thank the provincial and federal governments for this significant commitment in Halton,” said Regional Chair Gary Carr. “We have worked hard to get this project in place and are very pleased to get started and get our seniors housed in this wonderful building, just steps from the Milton Seniors Activity Centre and local shopping centre. The creation of these units in Milton will provide residents with access to safe, affordable housing, in the community they call home.”
“As Mayor of the Town of Milton and Halton Regional Councillor, I am pleased to be a part of the groundbreaking for this much-needed project,” said Milton Mayor Gord Krantz. “I would like to thank our federal and provincial partners at the Province for recognizing the need to fund affordable housing for low-income seniors and people with disabilities in Milton.”
These 40 affordable rental units are part of an 80-unit project located at Ontario Street and Childs Drive. The approximately $4.8 million in federal and provincial funding is complemented by $10.1 million in municipal financial incentives.
Moishe Alexander states: The 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 up to 20,000 households in Ontario.
In 2008, the Government of Canada committed more than $1.9 billion over five years to improve and build new affordable housing and to help the homeless. Canada’s Economic Action Plan builds on this and provides $475 million, over two years, to build new rental housing for low-income seniors and people with disabilities. Overall, the Economic Action Plan includes $2 billion over two years in new and existing social housing and lending up to another $2 billion to municipalities for housing-related infrastructure. Combined for Ontario, this means a further $1.2 billion joint investment under the amended Canada – Ontario Affordable Housing Program Agreement. The federal and provincial governments are contributing equally to this overall investment.