New Affordable Rental Homes in Brampton Officially Opened

BRAMPTON, ONTARIO--(Marketwired - Dec. 9, 2016) - A grand opening for the Hansen affordable housing development was held on Friday, December 9, 2016, celebrating new homes for hundreds of people in Brampton.

Hansen is a 15-storey, 205-unit affordable housing complex located along a major commercial corridor in Brampton with easy access to schools, shopping, transit and other community amenities.

The 33,000 square foot facility includes one, two and three bedroom units with 40 units designated for seniors, 30 units for victims of domestic violence and 20 units for persons with disabilities.

Ramesh Sangha, Member of Parliament for Brampton Centre, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation, along with Harinder Malhi, MPP for Brampton-Springdale on behalf of the Honourable Chris Ballard, Ontario's Minister of Housing and the Minister Responsible for the Poverty Reduction Strategy, made the announcement.

Quick facts:

• The Hansen development received $15.9 million federal funding and $14.9 million in provincial funding through the Canada-Ontario agreement of the Investment in Affordable Housing program.
  
  
• The development also includes an indoor playground, one floor of retail space, one floor of commercial space, and underground parking.
  
  
• Construction began in December 2013. Occupancy began in Fall 2016 and is ongoing.
  
  
• Common amenity areas for residents are located on the 15th floor and provide access to shared landscaped rooftop terraces.
  
  
• Brampton has a rental apartment vacancy rate of 1.2 per cent with an average cost of $1,186 per month for a two-bedroom apartment according to the 2016 CMHC Rental Market.

Quotes:

"Through investments in affordable housing, our Government is providing assistance to those who need it most here in Ontario and in all corners of the country. We are committed to making communities stronger through projects like these. These investments help create new jobs and stimulate the local economy, while providing access to safe, affordable homes for Canadian seniors, families and individuals." - Ramesh Sangha, Member of Parliament for Brampton Centre

"Working with our federal and municipal partners, we are pleased to be able to make modern facilities like Hansen a reality. Giving people in our community access to housing allows them to have a safe and affordable place to live, no matter what their age or circumstance." - Harinder Malhi, MPP Brampton-Springdale

"The Region of Peel would like to thank the Province of Ontario and the Federal Government for this contribution and commitment to our community. This investment in addition to the recent budget announcements, provides us with an optimistic outlook towards inclusive, long-term and sustainable affordable housing in Peel and its positive impacts on our housing providers." - Peel Regional Councillor Martin Medeiros

"Supportive Housing In Peel (SHIP) would like to thank the Province of Ontario and the Federal Government for their continued support to our community. The Hansen Project is an example of how great collaboration will continue to increase Affordable Housing rental units in Peel." - Ron Ramjitsingh, Chairman of Supportive Housing in Peel

Associated links:

• Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. 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 Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC's operations. For more information, please call 1-800-668-2642 or visit www.cmhc.ca.
  
  
• Investing in affordable housing programs is part of Ontario's plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 20,000 new affordable rental housing units, more than 275,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 90,000 households in need. These investments complement the commitments made through Ontario's recent Long-Term Affordable Housing Strategy update, and support the province's goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing

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