Major Funding for Affordable Housing in Oxford County Announced

Friday, 9 August 2019 11:56

The Federal and Provincial Governments are investing over $7.8 million to create 130 affordable housing units through the Canada-Ontario Investment in Affordable Housing agreement.

OXFORD COUNTY - The Federal and Provincial Governments are teaming up for an investment into affordable housing for Oxford County.

They are investing over $7.8 million to create 130 affordable housing units through the Canada-Ontario Investment in Affordable Housing agreement.

Parliamentary Secretary to the Minister of Families, Children and Social Development, Adam Vaughan 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), along with the Honourable Steve Clark, Ontario’s Minister of Municipal Affairs and Housing, made the announcement yesterday.

Vaughn explains the impact this announcement will have on residents.

"We make these investments in a way that we think helps the environment, helps the economy, helps people looking for jobs, helps people looking for housing, supports people with disabilities, it lets people age in place and it create jobs, jobs, jobs at every corner to support Oxford County."

The announcement took place at 786 Southwood Way in Woodstock, which received over $1 million in IAH funding and over $500,000 from the Social Infrastructure Fund to provide 23 units of affordable rental housing for seniors.

Seven other affordable housing developments in Oxford County were also celebrated at the event.

Vaughan says that everyone deserves a nice place to live.

“Every Canadian, no matter their age, physical abilities, or background, deserves a safe and affordable place to call home. It is investments like this that give Canada’s middle class and those working hard to join it a fair chance at success.”

Clark adds that this funding will directly help the people of Oxford County.

“In everything our government does every program, every policy and every service change we put people first. We are helping people in Oxford County, and all across Ontario, find a place to live that meets their needs and their budget.”