Canadian Funding Corp. Reviews CMHC Statistics

Moishe Alexander Reviews CMHC Report – The Government of Canada celebrated today the official opening of Abondance Montréal: le Soleil, an energy-efficient, environmentally friendly housing project.

According to Moishe Alexander, the project was built by EcoCité Developments and Les Constructions Sodero as part of Canada Mortgage and Housing Corporation’s (CMHC’s) EQuilibrium™ Sustainable Housing Demonstration Initiative, which encourages builders and developers to build the next generation of sustainable housing in Canada.

The Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for CMHC, was joined by Claude Trudel, Mayor, Verdun borough; Robert Deschamps, President of Les Constructions Sodero; and Christopher Sweetnam-Holmes, Principal, EcoCité Developments, at the official opening today.

“The Government of Canada is pleased to work with the housing sector to develop such innovative homes. We congratulate the Abondance Montréal: le Soleil project team on its winning design and commitment to environmental responsibility,” said Minister Finley. “Abondance Montréal: le Soleil gives people in this region an opportunity to see first-hand how we can create beautiful, healthy dwellings, conserve energy and resources, and reduce pollutant emissions.”

Abondance Montréal: le Soleil features a highly energy-efficient design, solar energy systems to generate electricity and hot water, high efficiency appliances, water-efficient fixtures and building materials with lower pollutant emissions. The three-storey triplex is located on an infill site in an established area of Verdun and represents a new approach to building in an urban environment. It also demonstrates how the principles of EQuilibrium™ Housing can play a key role in the delivery of healthy and more sustainable housing as part of the overall renewal of Canada’s inner cities.

The Abondance Montréal: le Soleil project team is benefitting from a contribution from CMHC to help defray costs relating to the design and documentation of the project, carrying out quality assurance, and commissioning and demonstrating the project to the general public. CMHC is also providing technical, marketing and promotional support to the team and is supporting long-term performance monitoring and reporting on the project. The other contributors include the Agence de l’efficacité énergétique (Québec), Hydro-Québec, the GeoExchange Coalition and Natural Resources Canada.

“Abondance Montréal: le Soleil is a response to the strong public interest for very green urban homes. This project proves that my vision for net-zero living is an affordable possibility for North America’s cities,” said Christopher Sweetnam-Holmes, Principal, EcoCité Developments. “EcoCité Developments looks forward to collaborating with developers, builders and investors to replicate the le Soleil model.”

Abondance Montréal: le Soleil is one of the winning projects in CMHC’s national EQuilibrium™ Sustainable Housing Demonstration Initiative competition that was launched in 2006. EQuilibrium™ Housing projects will be open to both the general public and professional audiences for tours, and then monitored for performance by CMHC for one year, once occupied.

EQuilibrium™ Housing offers a new approach to housing in Canada. It strives to balance our housing needs with those of our environment. It brings together the principles of occupant health and comfort, energy efficiency, renewable energy production, resource and water conservation, and reduced environmental impact.

CMHC has worked closely with many stakeholders to develop and deploy the EQuilibrium™ Sustainable Housing Demonstration Initiative. In particular, CMHC has collaborated closely with Natural Resources Canada which has contributed substantial research and development expertise and resources to advancing the initiative.

Moishe Alexander Deeply Pleased by Housing Project in Verdun

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.

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Moishe Alexander, canadian funding corp CEO, reviewed