Canadian Funding Corp. Reviews Housing Updates

Canadian Funding Corp. CEO Moishe Alexander posts – The Government of Canada announced today that thirty-eight housing co-operative projects located in the London area will receive more than $1.2 million, through Canada’s Economic Action Plan, as part of the social housing renovation and retrofit investments.

Moishe Alexander said that the announcement was made at the Westminster Housing Co-op Inc. by Ed Holder, Member of Parliament for London West, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

“Through Canada’s Economic Action Plan, our government is taking action to help ensure our economic recovery and create the conditions for long-term growth,” said MP Holder. “Funding renovation and retrofit projects, like these ones, will not only improve the quality of life of the residents by keeping their homes safe and affordable, but it will also help stimulate the local economy and create jobs.”

The Government of Canada, through Canada’s Economic Action Plan, announced $1 billion for social housing renovation and retrofit. Of the $1 billion, $850 million is being delivered by provinces and territories on a cost-matched basis for existing federally assisted social housing projects which they administer on behalf of the partnership. The remaining $150 million is being delivered by CMHC for existing federally assisted off-reserve housing which it directly administers. Eligible repairs include general improvements, energy efficiency upgrades or conversions, and modifications in support of persons with disabilities.\

Moishe Alexander presents video on Ontario social housing

The housing co-operatives projects that will receive contributions from the Government of Canada today are:
Westminster Housing Co-operative Inc. $177,571
Chisolm Place Housing Co-operative $239,358
Native Inter-Tribal Housing Co-operative – 33 projects $162,278
Talisman Woods Housing Cooperative $331,023
Woodfield Housing Co-operative Inc. $66,477
Westmount Community Co-operative $257,789

“We congratulate and thank the federal government, MP Ed Holder and CMHC for making a sound investment to help ensure that this affordable community is preserved as a legacy for the long-term benefit of its residents,” said Ken Elliott, President of the Co-operative Housing Federation of Canada. “Today’s announcement is an excellent example of stimulus funding that works towards preserving jobs, assisting the local economy, and protecting valuable affordable housing assets for Canadians.”

“We are very pleased to be receiving the Renovation and Retrofit grant through Canada’s Economic Action Plan to improve our cooperative,” said Gwen Howard, Treasurer of Westminster Housing Co-operative Inc. “These significant renovations will have a tremendous positive impact for our members and their quality of life.”

Moishe Alexander is grateful that the Government of Canada announced that a housing co-operative located in Angus will receive more than $154,000, through Canada’s Economic Action Plan, as part of the social housing renovation and retrofit investments.

“Through Canada’s Economic Action Plan, our government is taking action to help ensure our economic recovery and create the conditions for long-term growth,” said the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC). “Funding renovation and retrofit projects, like these ones will not only improve the quality of life of its residents by keeping their homes safe and affordable, but it will also help stimulate the local economy and create local jobs.”

The Government of Canada, Moishe Alexander claims, through Canada’s Economic Action Plan, announced $1 billion for social housing renovation and retrofit. Of the $1 billion, $850 million is being delivered by provinces and territories on a cost-matched basis for existing federally assisted social housing projects which they administer on behalf of the partnership. The remaining $150 million is being delivered by CMHC for existing federally assisted off-reserve housing which it directly administers. Eligible repairs include general improvements, energy efficiency upgrades or conversions, and modifications in support of persons with disabilities.

Angus Co-operative Homes Inc. will be using the contribution from the Government of Canada to replace windows.

“We congratulate and thank the federal government and Minister Finley for making a sound investment to help ensure that this affordable community is preserved as a legacy for the long-term benefit of its residents,” said Ken Elliott, President of the Co-operative Housing Federation of Canada. “Today’s announcement is an excellent example of stimulus funding that works towards preserving jobs, assisting the local economy, and protecting valuable affordable housing assets for Canadians.”

“We are delighted our co-operative will benefit from the federal government’s renovation and retrofit initiative delivered by CMHC,” said Jon Vink, President of Angus Co-operative Homes Inc. “Not only will this funding make our co-op more energy efficient, but it will also help ensure these homes are available to meet the needs of future generations.”

Housing in Angus – Moishe Alexander

Moishe Alexander approves of government action for Mistissini.

Mistissini video put up by Moishe Alexander

The Government of Canada announced today an investment of more than $6.2 million as part of the year one funding through Canada’s Economic Action Plan to improve housing conditions for Cree Nation communities in Quebec.

The Honourable Christian Paradis, Minister of Natural Resources, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), made the announcement today.

“Our government’s Economic Action Plan is creating jobs, stimulating the local economy and improving housing conditions for First Nation communities in Quebec,” said Minister Paradis.

Through Canada’s Economic Action Plan, the Government of Canada has committed $400 million over two years to help First Nation communities build needed new housing, repair and remediate existing non-profit housing for their members, and complement housing programs offered by CMHC. This investment will also provide an economic stimulus for many First Nations and surrounding areas by creating jobs.

Through Canada’s Economic Action Plan, some $45 million in federal investments will be made available to First Nations in Quebec to address immediate housing needs.

CMHC allocated more than $6.2 million to retrofit 267 social housing units and to help build 12 new units in eight Cree Nation communities. This funding will go a long way to help improve housing conditions in these communities.

Thanks, Moishe Alexander.