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  • News
  • December 19, 2014

Affordable Housing in Toronto gets a boost

Ontario Supporting Local Solutions for Affordable Housing

Ontario is working to end homelessness by delivering more than $197 million in affordable housing funding over five years to low-and moderate-income households inToronto.

The investment, cost-shared between the governments of Canada and Ontario, 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,Ontarioand 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.

QUOTES

“Our government has shown leadership by supporting initiatives and activities that help prevent and reduce poverty inOntario. This funding is vital to Scarborough and the Greater Toronto Area. It gives communities the flexibility to address local housing priorities and better meet the needs of individuals and families who need safe, suitable and affordable housing.”
—     Mitzie Hunter, MPP (Scarborough-Guildwood)

QUICK FACTS

  • On August 11, 2014, the governments of Canadaand Ontarioannounced an additional combined investment of more than $800 million over five years through the Investment in Affordable Housing (IAH) program.
  • The funding allocation will be delivered to the City ofToronto, which as service manager has the flexibility to design and deliver affordable housing programs that address local housing needs.
  • To date, the IAH has helped over 21,100 households inOntario.

 

For more information:
Constituency Office of Mitzie Hunter, MPP
(416) 281-2787 

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