Government of Canada/Public Works — November 2, 2012Governments of Canada and Ontario Celebrate New Affordable Housing in Toronto
TORONTO, ONTARIO--(Marketwire - Nov. 2, 2012) - The official opening of 237 new affordable rental housing units for seniors living on low income and persons with disabilities was held today in Toronto. The project received more than $28.4 million in funding from the federal and provincial governments. The construction of this project created more than 592 jobs in Toronto.
Mark Adler, Member of Parliament for York Centre, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and Monte Kwinter, Member of Provincial Parliament for York Centre, along with James Pasternak, Councillor (Ward 10 York Centre), City of Toronto, made the announcement.
"I am pleased to be here once again and witness this great accomplishment. The Patricia and Bathurst project, like many others throughout Canada, helps make communities stronger by creating new jobs and stimulating the economy," said MP Adler. "Furthermore, it will give our seniors more options to find safe and affordable housing."
"Our seniors deserve the dignity to live in a home that is safe, stable and affordable," said Monte Kwinter, MPP for York Centre. "This project is an example of our government's Long-Term Affordable Housing Strategy and our commitment to making affordable housing more accessible for Ontarians."
"These new affordable homes will allow seniors to live in safety and dignity. I want to congratulate B'nai B'rith and Patricia and Bathurst Developments for their tremendous effort in partnership with the City of Toronto and the federal and provincial governments," said Councillor Pasternak. "It affirms our commitment that we must strive toward an age-friendly city and dedicate ourselves to the truism that societies are often judged on how they treat their aging members."
"B'nai Brith Canada has always been at the cutting edge of both its social service and advocacy," said Eric Bissell, National President of B'nai Brith Canada. "This building provides the highest standard of living accommodation for seniors at an affordable rate, bears witness to B'nai Briths motto 'People Helping People'."
The 237-unit development located at 485 Patricia Avenue in Toronto, received more than $28.4 million in funding. The building will include a Sabbath elevator, library, chapel, social hall, multi-purpose space and cultural programming for residents. The federal and provincial funding is complemented by $3.3 million in municipal financial incentives.
The Government of Canada, through CMHC, will invest more than $2 billion in housing this year. Of this amount, $1.7 billion will be spent in support of almost 605,000 households living in existing social housing. In Ontario, this represents some 237,750 households. These investments are improving the quality of life for low-income Canadians and households living in existing social housing, including individuals who are homeless or at-risk of homelessness, seniors, persons with disabilities, recent immigrants and Aboriginal people.
Ontario continues to build new affordable housing and repair existing units for Ontarians with housing needs. Since 2009, the provincial government has provided nearly $183 million to build new rental housing units for low-income seniors and persons with disabilities. Ontario's overall investment of over $2.5 billion has translated into the construction and repair of more than 270,000 housing units and the provision of 35,000 rent supplements for Ontario families on fixed incomes. The province's Long-Term Affordable Housing Strategy sets a strong foundation for a more efficient, accessible affordable housing system in Ontario.
Affordable housing is a key component of Ontario's Poverty Reduction Strategy. Download a copy of the Government of Ontario's Long-Term Affordable Housing Strategy. To find out more about affordable housing in Ontario, visit www.ontario.ca/housing.
To find out more about how the Government of Canada and Canada Mortgage and Housing Corporation are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc.ca.
Disponible en français
For more information visit: www.cmhc.ca
Office of Minister Finley
City of Toronto
Latest Industry Press Releases
Black Diamond Group Limited Announces April Dividend (2014-04-17)
New Affordable Housing Open in Regina (2014-04-14)
|MOST POPULAR STORIES|
- Lafarge’s research tackles cement’s “bad boy” image
- Waterloo Region LRT work agreement almost done
- RFP released to shortlisted teams for Milton hospital expansion
- The Working Dead — construction of a post-apocalyptic zombie world
- Upset waters over new Ontario diving regulations
- 20 Most Popular Stories
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 371 projects with a total value of $1,936,826,394 that Reed Construction Data Building Reports reported on Thursday.
$134,000,000 Toronto ON Prebid
$128,250,000 North York ON Prebid
$100,000,000 Toronto ON Prebid
- Debate swirls over OCOT’s merit on its anniversary
- WaterGarden Worker
- Ontario to invest in cycling infrastructure
- U.S. construction labour concerns
- Compulsory certification in carpentry a “job killer”, says Kenney
- CaGBC to provide free LEED registration and certification for commercial projects in disaster-hit cities
- Economic cost of weather catastrophes is under appreciated: report
- Scotiabank sees slow growth in housing
- Photo Gallery: 2014 ACEC BC Awards of Excellence winners
- Journal of Commerce Preview for the week of April 21st, 2014
- Making Metro
- Crumbling roads a key election issue
- Early stages of concrete pump operator certification being developed in B.C.
- Legal battle over temporary foreign workers heats up
- Dive tower pushes formwork forward
- Understanding municipal strategy
- Calgary firm fined $35,000 for workplace injury
- B.C. labour minister calls for WorkSafeBC reforms
- B.C. prison proceeding