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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


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News published on 29 august 2019 at 13:45 and distributed by: