Categorized | Canadian Politics

MPP Malhi Announces $63 Million for Affordable Housing in Peel Region

Posted on 25 December 2014 by admin

Ontario Supporting Local Solutions for Affordable Housing

 Ontario is working to end homelessness by delivering more than $63 million in affordable housing funding over five years to low-and moderate-income households in the Region of Peel.

 The investment, cost-shared between the governments of Ontario and Canada, supports the construction of affordable rental housing units, repairs and improvements to existing units, and rental and down-payment assistance to people in need.

 A portion of the total program funding will be dedicated to Aboriginal households living off-reserve, and help support other priority groups such as seniors, persons with disabilities and victims of domestic violence.

 Since 2003, Ontario and the federal government have committed more than $4 billion to affordable housing initiatives, representing the largest affordable housing investment in the province’s history, helping 385,000 households.

Supporting affordable housing is part of the government’s economic plan for Ontario. The four part plan is building Ontario up by investing in people’s talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives, and building a secure savings plan so everyone can afford to retire.

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