04/29/2005

Toronto, Ont., Friday, April 29, 2005 – AMO President Roger Anderson today welcomed an agreement between federal, provincial and municipal officials that will flow millions of affordable housing dollars to communities right across Ontario.
“This agreement will get municipal hammers swinging on affordable housing projects across Ontario by freeing up more than $600 million in federal and provincial funding that has been stuck in a logjam for three years,” said Anderson.

The Affordable Housing Initiative is a cost shared initiative whereby $25,000 per affordable housing unit is provided by each order of government – federal, provincial and municipal – for a total contribution of $75,000 per unit.  The Federal government has allocated $1 billion for the initiative since it was established in May 2002 and approximately $366 million of that has been earmarked for Ontario.  However, to date only $65 million has flowed to fund projects.  This agreement will ensure the remainder will be more efficiently allocated to where it’s needed. 

The deal was negotiated in discussions that involved the federal, provincial and municipal orders of government, the latter of which was represented through AMO and officials from the City of Toronto.  

“This agreement is an excellent example of how all three orders of government are working cooperatively to serve our communities, province and country better”, said Anderson. 

AMO is a non-profit organization representing almost all of Ontario’s 445 municipal governments.  AMO supports and enhances strong and effective municipal government in Ontario and promotes the value of municipal government as a vital and essential component of Ontario and Canada’s political system.

 
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