On June 20, 2006, the Government of Canada and Province B.C announced the Social Housing Agreement to transfer the management of 51,600 social housing units to the province. The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Peter Milczyn, Ontario`s Minister of Housing and Minister for Poverty Reduction Strategy, today announced that they have entered into a bilateral agreement under the NHS. This agreement, shared at the expense of the governments of Canada and Ontario, demonstrates a shared commitment to prioritizing affordable housing. “This investment in our community will ensure that more Bells Corners residents have a home that meets their needs and can afford it. This new rental development will add affordable housing and allow more people in our community to have the housing and services that will allow them to thrive.” Chandra Arya, MP for Nepean In April 2009, the extension of the assistance initiative and the 2009 economic stimulus were signed as part of the Affordable Aid Initiative Agreement. Each level of government contributes to funding the Provincial Homelessness Initiative, the Seniors` Rental Initiative and the Renovation Partnership. This is the first progressive housing agreement of its kind, which requires both governments to set new and higher standards for transparency, public engagement and housing quality, including improved energy efficiency and accessibility. The agreement also recognizes the importance of prioritizing the poorest, the federal rights-based approach to housing, and applying gender-based analysis to investments. Under this agreement, the Government of Canada will contribute an additional $150 million and Province B.C.
$63 million over two years (April 1, 2016 to March 31, 2018). The funding is linked as follows: Ontario is committed to increasing the supply of housing across the province while achieving the best value for taxpayers. Reducing bureaucracy will speed up housing marketing, which will reduce the cost of housing and help people keep more of their hard-earned dollars. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing or follow us on Twitter TORONTO, 30. April 2018 / CNW/ – A new milestone has been reached as part of the National Housing Strategy (NHS). Vulnerable families and Canadians who need an affordable place to call home can count on long-term funding for multi-unit housing in Ontario. . . .