Residents of 48 low-income housing cooperatives in the GTA (
pdf list) will see improvements to their living conditions in the near future after an
announced $6 million in investment from the federal government to be delivered by the Canada Mortgage and Housing Corporation (CMHC). But according to federal Member of Parliament Mike Wallace, who announced the investment on behalf of the Ministry of Human Resources and Skills Development, residents aren't the only ones who will benefit. "It will also help stimulate the local economy and create local jobs," he said.
According to CMHC spokesperson Dean D'Souza, there is no specific estimate yet of how many jobs the specific program will create in the GTA, though he notes that the total number of jobs created by the "Economic Action Plan" -- of which this is a part -- is 130,000 so far, and is expected to reach 220,000 by the end of this year.
The announcement was part of $1 billion in nationwide spending on social housing renovation and retrofitting.
Writer: Edward Keenan
Source: Dean D'Souza, Canada Mortgage and Housing Corporation
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