Today, Member of Parliament for Nipissing—Timiskaming, Anthony Rota, on behalf of the Canada Mortgage and Housing Corporation, announced a recipient of CMHC’s Affordable Housing Fund to address the critical need for safe and energy efficient housing projects in Northern Ontario.
The Nipissing District Housing Corporation, an organization that strides to provide safe and affordable housing to those who need it most, received $1,550,000 from CMHC. This funding will be put towards reducing greenhouse gas emissions as well as increasing accessibility in buildings, which include 155 units identified for improvements..
The $1,550,000 confirmed in February 2024 for the NCHC is being used to reduce greenhouse gas emissions by converting fuel burning heating systems to electric, as well as significant attic insulation upgrades to boost energy efficiency. Accessibility is being enhanced with the addition of more features for those who struggle with hearing and vision impairment, by adding strobes and voice commands to fire safety and building entry components. This work will also extend the life expectancy of some of NDHC’s housing stock, the oldest of which was built in 1966 and the newest in 1993.
CMHC contributes to the well-being of Canada's housing system by providing housing finance solutions and lenders reliable access to mortgage funding. Their commitment extends to providing crucial research and data to inform decisions for better housing sector outcomes, and they deliver housing programs for the Government of Canada.
The Affordable Housing Fund provides capital to partnered organizations for new affordable housing and the renovation and repair of existing affordable and community housing. Funds are provided as low-interest and/or forgivable loans and contributions.
CMHC funding will provide $10K per unit, for a total of $1,550,000 of contribution funding, with NDHC funding the balance of costs. (70% is covered by NDHC and 30% by CMHC)
Quotes
“The Board is very grateful for this federal funding that comes at a time when the need for affordable housing has never been greater. This funding helps to improve these existing units, while DNSSAB’s work continues to advocate for more safe, affordable places where people can live.”
Mark King
Chair, District of Nipissing Social Services Administration Board
“Many of these buildings are, on average, 50 years old and require improvements to keep them safe and sustainable for those who need it the most. This investment by CMHC helps NDHC to add decades to the buildings’ useful life.”
Chris Mayne
Chair, Nipissing District Housing Corporation
“This investment of over $1.5 million will go a long way towards helping the Nipissing District Housing Corporation continue the important work they do with giving people a home in our community. When people have a safe and accessible place to live, that creates a better neighborhood, and a better country.”
Anthony Rota
MP for Nipissing—Timiskaming
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