Classified in: Business
Subject: MORTGAGES, MORTGAGE RATE

New Affordable Rental Homes for Indigenous Peoples in Hamilton

HAMILTON, ONTARIO--(Marketwired - June 21, 2017) - The federal and provincial governments are proud to celebrate affordable rental housing for Indigenous residents in Hamilton as part of National Aboriginal Day.

The celebration of a six-unit apartment complex at 274 Main Street West in Hamilton was held today on the traditional territory of the Mississaugas of the New Credit and the Haudenosaunee. The facility provides affordable and accessible housing for Indigenous individuals and families.

Sacajawea Non-Profit Housing received $660,000 from the Canada-Ontario Investment in Affordable Housing agreement to support the development. 

Ted McMeekin, Member of Provincial Parliament for Ancaster-Dundas-Flamborough-Westdale, on behalf of the Honourable Chris Ballard, Ontario's Minister of Housing and the Minister Responsible for the Poverty Reduction Strategy made the announcement along with a representative from Canada Mortgage and Housing Corporation.

Quick facts:

• Sacajawea Non-Profit Housing builds and maintains housing for low- to moderate-income Indigenous families.

• With their on-staff expertise, Sacajawea also provides referrals to services for Indigenous clients, helping them access the supports they need.

• After being damaged by a fire, the facility at 274 Main Street West was restored and redeveloped into affordable housing.

• Seventy-eight per cent of First Nations adults living in Hamilton earned less than $20,000 per year according to the 2014 study, Unmasking Health Determinants and Health Outcomes for Urban First Nations Using Respondent Driven Sampling.

Quotes:

"Through investments in affordable housing, our Government is providing assistance to those who need it most here in Ontario and in all corners of the country. We are committed to making communities stronger through projects like these." - Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

"Ontario is committed to working in partnership with Indigenous organizations and the federal government to support projects like this in our community that address the unique housing challenges and needs of First Nation, Métis and Inuit peoples." - Ted McMeekin, Member of Provincial Parliament for Ancaster-Dundas-Flamborough-Westdale

- Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC's operations. For more information, please call 1-800-668-2642 or visit www.cmhc.ca.

- Investing in affordable housing programs is part of Ontario's plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario's recent Long-Term Affordable Housing Strategy update, and support the province's goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing

Stay connected:

- Follow CMHC on Twitter, YouTube, LinkedIn and Facebook.

- Follow Ontario's Ministry of Housing on Twitter.

These press releases may also interest you at 12:14 Desjardins General Insurance Group Releases Public Accountability Statement Desjardins General Insurance Group Inc. (DGIG) has released its 2023 Public Accountability Statement. The statement highlights DGIG initiatives that supported the economic, environmental and social well-being of clients, employees and communities in... at 12:01 Banks to play a pivotal role in the low-carbon transition, contributing up to $600 billion annually through 2030 - Bain & Company Global banks and financial institutions have an annual $44 billion revenue opportunity through 2030 from an increasingly... at 12:00 MRBEAST AND ZAXBY'S JOIN FORCES TO LAUNCH THE MRBEAST BOX MEAL SO FANS EVERYWHERE CAN FEAST LIKE A BEAST Saucy chicken chain Zaxby's® and the world's #1 YouTube creator MrBeast are giving fans everywhere the latest, feast-worthy reason to subscribe as they unleash the MrBeast Box meal at Zaxby's restaurants nationwide starting Thursday, May 16.... at 12:00 Bahamas Tourism Officials to Attend 42nd Caribbean Travel Marketplace in Jamaica With things looking up for tourism in The Bahamas, representatives of the country's Ministry of Tourism, Investments & Aviation (BMOTIA) are set to build on their success at the 42nd edition of Caribbean Travel Marketplace. Hosted by the Caribbean... at 12:00 New Alternative Data VantageScore 4plustm Credit Scoring Model Boosts Predictive Power and Financial Inclusion VantageScore today announced that its newest credit-scoring model, VantageScore 4plustm, is now available for pilot by banks, fintechs and government lenders. Built using VantageScore's pioneering and patented technology, VantageScore 4plus combines... at 12:00 Huddle Up Teams Up with the Bill of Rights Institute to Support Community Engagement and Mental Health Huddle Up, the leader in supporting children's growth, development, and mental health, is excited to announce a partnership with the Bill of Rights Institute's MyImpact Challenge, a program that promotes civic engagement and community building. This... More news about Business...

News published on 21 june 2017 at 09:03 and distributed by: