“The Government of Canada is proud to have contributed over $250,000 in funding for this project,” said Kelly Block, Member of Parliament for Saskatoon – Rosetown – Biggar, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC). “These renovated apartments will provide quality, affordable housing for the residents of William Manor and benefit the economic and social well-being of the Saskatoon community.”

“Repairing rental properties not only helps to build strong, healthy neighbourhoods but, most importantly, improves the quality of life for tenants,” Social Services Minister and Minister Responsible for Saskatchewan Housing Corporation, Donna Harpauer, said. “Our government is committed to improving housing in this province, and making life better for Saskatchewan people.”

Funding was provided by the Rental Residential Rehabilitation Assistance Program (Rental RRAP), which is cost-shared by the federal and provincial governments. Rental RRAP provided approximately $337,000 for the project (approximately $253,000 from the federal government, with about $84,000 from the Province). An additional $16,000 in funding was provided by the provincial Saskatchewan Home Energy Improvement Program (SHEIP). The funding balance was provided by Enterprises Gravelbourg Ltd.

Rental RRAP offers financial assistance to rental property owners to pay for mandatory repairs to self-contained units occupied by low-income tenants.

The renovations, which were completed by Enterprises Gravelbourg Ltd., included heating, structural and fire safety improvements, as well as the installation of a high-efficiency boiler.

Located at 2024-22nd Street West, William Manor is a 24-unit apartment building consisting of 13 one-bedroom and 11 two-bedroom suites.

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 with an additional one-time investment of more than $2 billion over two years in new and existing social housing, plus up to $2 billion in loans to municipalities for housing-related infrastructure.

In Saskatchewan, the amendment to the Canada – Saskatchewan Affordable Housing Program Agreement, signed in May 2009, brought federal housing support of $84 million, while the province is contributing a further $77 million for the combined investment of over $161 million.

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http://www.articlefeeder.com/blog/real-estate/17563-cost-effective-home-loan-process-is-convenient-at-mortgage-rates-canada

reviewed by Moishe Alexander, CFC  canadian funding corp CEO

PRESCOTT AND RUSSELL, February 13, 2009 — The Government of Canada, the Government of Ontario and the United Counties of Prescott and Russell today celebrated more than $2.3 million in funding for affordable housing in the United Counties of Prescott and Russell. The event marks the grand opening of 25 new affordable housing units in The Nation as well as new funding which will help create eight new affordable rental units in Rockland and provide down payment assistance to 27 households in the United Counties.

The announcement was made by Pierre Lemieux, Member of Parliament for Glengarry – Prescott – Russell, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada, and Minister responsible for the Canada Mortgage and Housing Corporation; Jean-Marc Lalonde, MPP for Glengarry – Prescott – Russell, on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing; and Prescott and Russell Warden Robert Kirby.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said MP Lemieux. “With the opening of this project, low-income seniors and individuals with special needs in Limoges will now have access to quality, affordable rental housing that meets their specific needs, while remaining close to their families and friends.”

“Through this allocation to Prescott and Russell, the McGuinty government is renewing its commitment to work with our housing partners to grow the supply of affordable housing,” said MPP Lalonde.

Today’s announcement recognizes two projects in the United Counties of Prescott and Russell:

* The official opening of Residence Notre-Dame de la Paix at 44 Rue Des Benevoles in The Nation. The $2.1 million project, sponsored by RMJ Properties, earlier received $1.75 million under the Canada – Ontario Affordable Housing Program. The 25 units are occupied by low income seniors and individuals with special needs.
* New funding of $420,000 for an eight-unit project in Clarence – Rockland. The project is sponsored by Rockland Housing Corporation, and the units will be occupied by seniors and individuals with special needs.

The announcement also includes $187,535 in down-payment assistance for 27 households in Prescott and Russell.

The federal and provincial allocations are complemented by more than $900,000 in municipal financial incentives.

“Thanks to the efforts and contributions between all levels of government, partnerships with the private and non-profit sector, I am proud to announce that the United Counties will be able to help 102 households benefit from the Canada – Ontario Affordable Housing Program,” said Warden Kirby.  “In all, 33 households will move into newly constructed affordable units; 27 tenants will have realised the dream of owning their home and 40 other households in need can rely on a rent supplement, making their rents more affordable.”

The Canada – Ontario Affordable Housing Program 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. Under the AHP, every region in Ontario has been allocated a specific amount of funding to assist low to moderate-income rental households to purchase affordable homes through interest-free down-payment assistance loans.

For more info:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-13-1100a.cfm

STRATFORD, February 10, 2009 — The Government of Canada and the Government of Ontario today announced more than $106,000 in funding to 14 households in Stratford and the County of Perth under the Homeownership component of the Canada – Ontario Affordable Housing Program. The Homeownership component of the program provides down-payment assistance for low-income renters to enter the housing market and purchase homes.

Moishe Alexander says that the announcement was made by Gary Schellenberger, Member of Parliament for Perth-Wellington, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and John Wilkinson, MPP for Perth-Wellington and Minister of Research and Innovation, on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said MP Schellenberger. “This investment will help people in Stratford and the County of Perth access quality, affordable housing and start a new page in their lives.”

“This funding allows people to get a foothold in the housing market while also helping to free up affordable rental housing for others,” said Minister Wilkinson. “It shows what we can accomplish when all three levels of government work together.”

The Canada – Ontario Affordable Housing Program 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. Under the AHP, every region in Ontario has been allocated a specific amount of funding to assist low to moderate-income rental households to purchase affordable homes through interest-free down payment assistance loans.

The full report is available here:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-10-1000e.cfm

SIMCOE, February 10, 2009 — The Government of Canada and the Government of Ontario today announced more than $847,000 in funding to 108 households in the County of Simcoe under the Homeownership component of the Canada – Ontario Affordable Housing Program. The Homeownership component of the program provides down-payment assistance for low-income renters to enter the housing market and purchase homes.

The announcement was made by Helena Guergis, Minister of State for Status of Women and Member of Parliament for Simcoe – Grey, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Aileen Carroll, MPP for Barrie and Minister of Culture and Minister Responsible for Seniors, on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said Minister Guergis. “This investment will help people in the County of Simcoe access quality, affordable housing and start a new page in their lives.”

“There are 108 new homeowners in the County of Simcoe because of this excellent government initiative,” said Minister Carroll. “This funding allows people to get a foothold in the housing market.  In so doing, it frees up more affordable rental housing, which is much needed in Simcoe County.”

The Canada – Ontario Affordable Housing Program 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. Under the AHP, every region in Ontario has been allocated a specific amount of funding to assist low to moderate-income rental households to purchase affordable homes through interest-free down payment assistance loans.

For the full report:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-10-1000d.cfm

According to Moishe Alexander, the Government of Canada, the Government of Ontario, and the County of Oxford today announced more than $1.5 million in funding for affordable housing. The funding will help create 15 new affordable rental units in Tillsonburg and provide down payment assistance to 63 households in the County of Oxford.

The announcement was made by Dave MacKenzie, Member of Parliament for Oxford, on behalf of the Honourable Diane Finley, Minister of Human Resources and Social Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC); John Wilkinson, MPP for Perth – Wellington and Minister of Research and Innovation, on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing; and County of Oxford Warden Paul Holbrough.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said MP MacKenzie. “Through this investment, we are making an important difference in the lives of low-income renters, low-income seniors and individuals with physical disabilities in the County of Oxford who are working towards build a stronger and better future for themselves.”

“Access to safe and affordable housing is crucial to the economic and social well-being of Ontario’s communities,” said Minister Wilkinson. “The McGuinty government continues to work with our housing partners to grow the supply of affordable housing in the County of Oxford and across the province.”

The $1.55 million allocation includes:

• $1.05 million for a 15-unit project in Tillsonburg. The project is sponsored by the E & E McLaughlin Ltd. in Trust, and the units will be occupied by low-income seniors and individuals with physical disabilities.
• $538,670 in down-payment assistance for 63 households in the County of Oxford under the Homeownership component of the program which provides down-payment assistance for low-income renters to enter the housing market and purchase homes.

The federal and provincial allocations are complemented by more than $136,000 in municipal financial contributions.

“The development of affordable housing remains a priority for the County of Oxford,” said Warden Holbrough. “The cooperative efforts of all levels of government must continue to address this fundamental need in all communities. We look forward to continuing this work with our public, private and not for profit partners.”

The Canada – Ontario Affordable Housing Program 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. Under the AHP, every region in Ontario has been allocated a specific amount of funding to assist low to moderate-income rental households to purchase affordable homes through interest-free down-payment assistance loans.

For further information, please see:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-10-1000c.cfm

WATERLOO, February 10, 2009 — The Government of Canada and the Government of Ontario today announced more than $881,388 in funding to 99 households in the Regional Municipality of Waterloo under the Homeownership component of the Canada – Ontario Affordable Housing Program. The Homeownership component of the program provides down-payment assistance for low-income renters to enter the housing market and purchase homes.

The announcement was made by Peter Braid, Member of Parliament for Kitchener – Waterloo, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Leeanna Pendergast, MPP for Kitchener – Conestoga, on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said MP Braid. “This investment will help people in Waterloo access quality, affordable housing and start a new page in their lives.”

“I’m proud to announce there are 99 new homeowners in the Region of Waterloo,” said MPP Pendergast. “This funding allows people to get a foothold in the housing market, and alleviate some of the demand for affordable rental housing.”

The Canada – Ontario Affordable Housing Program 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. Under the AHP, every region in Ontario has been allocated a specific amount of funding to assist low to moderate-income rental households to purchase affordable homes through interest-free down payment assistance loans.

Please also see:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-10-1000g.cfm

ST. CATHARINES, February 10, 2009 — The Government of Canada and the Government of Ontario today announced more than $505,877 in funding to 71 households in the Regional Municipality of Niagara under the Homeownership component of the Canada – Ontario Affordable Housing Program. The Homeownership component of the program provides down-payment assistance for low-income renters to enter the housing market and purchase homes.

The announcement was made by Rick Dykstra, Member of Parliament for St. Catharines, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Kim Craitor, MPP for Niagara Falls, on behalf of the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said MP Dykstra. “This investment will help people in Niagara access quality, affordable housing and start a new page in their lives.”

“I’m proud to announce there are 71 new homeowners in Niagara Region,” said MPP Craitor. “This funding allows people to get a foothold in the housing market, and alleviate some of the demand for affordable rental housing.”

The Canada – Ontario Affordable Housing Program 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. Under the AHP, every region in Ontario has been allocated a specific amount of funding to assist low to moderate-income rental households to purchase affordable homes through interest-free down payment assistance loans.

For more info, please click on:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-10-1000b.cfm

MUSKOKA, February 10, 2009 — The Government of Canada and the Government of Ontario today announced more than $112,000 in funding to 15 households in the District Municipality of Muskoka under the Homeownership component of the Canada – Ontario Affordable Housing Program. The Homeownership component of the program provides down-payment assistance for low-income renters to enter the housing market and purchase homes.

According to Moishe Alexander, the announcement was made by the Tony Clement, Minister of Industry, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said Minister Clement. “This investment will help residents of Muskoka access quality, affordable housing and start a new page in their lives.”

“I’m proud to announce there are 15 more homeowners in Muskoka,” said Minister Watson. “This funding allows people to get a foothold in the housing market, and alleviate some of the demand for affordable rental housing.”

The Canada – Ontario Affordable Housing Program 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. Under the AHP, every region in Ontario has been allocated a specific amount of funding to assist low to moderate-income rental households to purchase affordable homes through interest-free down payment assistance loans.

For the full report, please see:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-10-1000a.cfm

ST. THOMAS, February 2, 2009 — The Government of Canada and the Government of Ontario today announced more than $149,625 in funding to 23 low and moderate-income households in the City of St. Thomas and County of Elgin under the Homeownership component of the Canada – Ontario Affordable Housing Program.

According to Moishe Alexander, the announcement was made by Joe Preston, Member of Parliament for Elgin – Middlesex – London, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) and the Honourable Jim Watson, Ontario’s Minister of Municipal Affairs and Housing.

“The Government of Canada is committed to making affordable housing available in Ontario and across Canada for those who need it most,” said MP Preston. “This investment will help people in City of St. Thomas and County of Elgin access quality, affordable housing and start a new page in their lives.”

“I’m proud to announce there are 23 more homeowners in the City of St. Thomas and County of Elgin,” said Minister Watson. “This funding allows people to get a foothold in the housing market, and alleviate some of the demand for affordable rental housing.”

Moishe Alexander says that the Canada – Ontario Affordable Housing Program 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. Under the AHP, every region in Ontario has been allocated a specific amount of funding to assist low to moderate-income rental households to purchase affordable homes through interest-free down-payment assistance loans.

For more info:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-02-1600c.cfm