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Peterborough Housing

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All information about The new project of Peterborough Housing.

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									Peterborough Celebrates New Affordable Housing
PETERBOROUGH, ON, January 22, 2010 — The Government of Canada, the Government of
Ontario, and the City of Peterborough today celebrated the official opening of an affordable housing
project. The project is supported by more than $2 million in funding under the Canada – Ontario
Affordable Housing Program.
Dean Del Mastro, Member of Parliament for Peterborough, on behalf of the Honourable Diane
Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada
Mortgage and Housing Corporation; Jeff Leal, Member of Provincial Parliament for Peterborough,
on behalf of the Honourable Jim Bradley, Minister of Municipal Affairs and Housing; Henry
Clarke, Deputy Mayor of Peterborough on behalf of Paul Ayotte, Mayor of Peterborough; and
Bonnie Clark, Chair of Peterborough Housing Corporation made the announcement.
“This is great news for families and individuals in Peterborough. Our government is providing a
hand-up to those families in need,” said MP Del Mastro. “Through projects like these, our
government is stimulating the economy and creating jobs to help Canadians recover from the
economic downturn.”
“The province is committed to helping people who live on lower or fixed incomes stay in their
home communities,” said MPP Leal. “Investment in affordable housing is not only a fundamental
support for individuals and families trying to break the cycle of poverty, it also improves job
prospects and supports local trades and business.”
Today’s announcement recognized the official opening of 30 affordable housing units at Saunders
Court, located at 130 Anson Street. The project for households with low incomes and persons with
special needs is sponsored by the Peterborough Housing Corporation.
The federal and provincial allocations to the project were complemented by $355,459 in municipal
financial incentives.
“Saunder’s Court is an exciting new development that will provide 30 new affordable housing units
in the City of Peterborough,” said Mayor Paul Ayotte. “Peterborough Housing Corporation is to be
congratulated for their continued efforts to create housing opportunities for low-income households
in Peterborough.”
"We believe this building is our best effort yet", said Bonnie Clark, Chair of Peterborough Housing
Corporation. “This site has been part of a continuum of service to the community for nearly a
century, as both a refuge and home for those in need.”
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 the next 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 and lending of 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.
Ontario is moving quickly to implement this additional funding. The province has already approved
more than $224 million for construction-ready projects, which will improve access to affordable
housing for low-income families, seniors and persons with disabilities across the province. It will
also create jobs and strengthen local economies. To find out more about affordable housing ina
Ontario, visit www.mah.gov.on.ca.

								
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