The government of Canada and Ontario recently announced the funding of approximately $4.8 million for 40 new affordable housing rental units for seniors and persons with disabilities. These 40 affordable rental units are part of an 80-unit project with approximately $4.8 million in federal and provincial funding is complemented by $10.1 million in municipal financial incentives. 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.
"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."