BURNABY, BC, Feb. 15, 2019 /CNW/ - With financial support from the Government of Canada, plumbing system renovations are complete at Edmonds Place Housing Co-op, a 50-unit development for low- to moderate-income families and individuals thanks to a $385,900 contribution under the Reno/Retro 2016 program.

Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs), 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) made the announcement today at the newly renovated housing co-op.

The family-oriented co-op community includes 35 three-bedroom, 11 two-bedroom and 4 one-bedroom units and is located close to public transit, parks, elementary and secondary schools, a library and seniors centre. Over approximately five weeks, individual suites were retrofitted with new indoor plumbing to repair leaks and abate mould. In addition, renovations included a water main replacement for the housing co-op.

Quotes:

"Our Government is investing in repairs and retrofits of co-op and social housing projects in communities across Canada to improve quality of life for those who need it most—hard working low and middle income households. This investment helps shield Edmonds Co-op from expensive repairs and keeps the cost of living for residents here affordable. We are doing our part to create safer homes that will last for generations, while producing job opportunities for the local economy." – Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs)

"We are very pleased to see the federal Reno/Retro program being used to improve the quality of life for co-op members in British Columbia. The federal government's investment in co-ops through the National Housing Strategy is a welcome contribution to the maintenance of a safe, secure supply of permanently affordable, mixed-income housing in successful co-op communities." – Thom Armstrong, Executive Director, Co‐operative Housing Federation of British Columbia

Quick facts:

• The Government of Canada, through CMHC, contributed approximately $385,900 to the project.
• Through Budget 2016, CMHC is delivering a one-time federal investment of over $77.6 million over two years to renovate and retrofit social housing units directly administered by CMHC.

Associated links:

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. For more information, please visit cmhc.ca or follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.

To find out more about the National Housing Strategy, visit www.placetocallhome.ca.

For more information about the Rental Construction Financing Initiative or to apply, please visit www.cmhc-nhs.ca.

SOURCE Canada Mortgage and Housing Corporation

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