Le Lézard
Classified in: Health, Business
Subjects: CHI, ECO, WOM, VET, SCZ, NTA, CFG

Government of Canada Invests in Co-operative Housing in Toronto


TORONTO, Aug. 29, 2019 /CNW/ - Every Canadian deserves a safe and affordable place to call home. That is why, in May 2018, the Government launched the National Housing Co-Investment Fund (NHCF), the largest program of its kind in Canadian history.

Logo: Government of Canada (CNW Group/Canada Mortgage and Housing Corporation)

Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced a $2.2 million financial commitment from the federal government for the retrofit of the Harmony ''B'' Housing Co-operation Corp.

Thanks to this commitment by the NHCF, a pillar initiative of the National Housing Strategy (NHS), this project will provide urgent repairs to the 78-unit building.

Founded in 1979, Harmony ''B'' Housing Co-operation Corp. is a rental cooperative in the heart of Toronto providing affordable rental housing. They completed the construction of their rental apartments and rental townhouses in 1981 on land leased from the City of Toronto for 99 years. They have been successfully managing the property since that time.

Quotes

"Our Government continues to invest in affordable housing here in Toronto, and across Canada to improve the quality of life of those who need it most. With this funding, we are able to give a helping hand to individuals in need, and in doing so, we are contributing to the economic and social well-being of the entire community." Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development

"Today marks a key historical date in our co-op's history as we are pleased to receive $2.2 mil. in financial commitment from the federal government under the National Housing Co-Investment Fund program. Access to this funding will allow us to complete urgent repairs." ? Vit Hrdlicka, Treasurer of Harmony "B" Housing Co-operative

Quick Facts

Associated Links

 

Logo: CMHC (CNW Group/Canada Mortgage and Housing Corporation)

SOURCE Canada Mortgage and Housing Corporation


These press releases may also interest you

at 10:10
The group division of Ameritas proudly announces its 17th consecutive certification as a BenchmarkPortal Center of Excellence, solidifying its position as a leader in customer service and support excellence. This prestigious recognition for 2023...

at 10:05
The "Distribution Deals in Diagnostics 2016 to 2024" report has been added to ResearchAndMarkets.com's offering. Distribution Deals in Diagnostics provides a detailed understanding and analysis of how and why companies enter distribution deals....

at 10:00
Driving is the leading cause of work-related death each year in the United States, with nearly 40% of deaths on the job occurring on American roads according to the U.S. Bureau of Labor Statistics. A major contributing factor to road deaths each...

at 10:00
Upsher-Smith Laboratories, LLC (Upsher-Smith) today announced the recent launch of Methimazole Tablets, USP, 5 mg and 10 mg. The Methimazole Tablet market had U.S. sales of approximately $36.8 million for the 12 months ending December 2023 according...

at 10:00
NastLaw LLC announces: If you purchased certain named generic pharmaceutical drugs directly from certain pharmaceutical manufacturers from May 1, 2009 through December 31, 2019, your rights may be affected by proposed class action settlements.A...

at 09:48
Perspire Sauna Studio, one of the country's largest sauna franchises specializing in full spectrum infrared (IR) and red-light therapy (RLT), is rolling out a new sauna design and member experience through the brand's long-standing partnership with...



News published on and distributed by: