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Province Begins Social Housing Repairs and Retrofits

Web posted on August 29, 2017

Ontario is providing new funding for repairs and retrofits to social housing across the province in order to improve living conditions and fight climate change. This investment is part of Ontario's Climate Change Action Plan and is funded by proceeds from the province's carbon market.

Proceeds from Ontario's carbon market must by law be invested into programs that help households and businesses reduce greenhouse gas emissions and save money on energy costs. Programs include home energy retrofits, public transit, social housing retrofits, and electric vehicle incentives and infrastructure.

Peter Milczyn, Minister of Housing and the Minister Responsible for Poverty Reduction, was in Toronto today to make the announcement. The province will invest up to $657 million for repairs and retrofits to social housing apartment buildings over five years, contingent on carbon market proceeds.

The City of Toronto will receive approximately half of this total investment. Ontario's five-year investment of carbon market proceeds to social housing repairs and retrofits in the City of Toronto includes contributions of $43 million in 2016-17, almost $120 million in 2017-18, and up to $180 million between 2018-19 and 2020-21.

The investment will help improve the lives of low-income and vulnerable tenants with upgrades to social housing buildings such as new energy efficient heating, improved insulation, and window replacements. It also represents an example of Ontario's ongoing efforts to support the transition of homes and businesses to a low-carbon future, while providing the jobs and skills that will allow individuals to thrive in a sustainable economy.

Ontario is investing more than $2 billion over the next three years in affordable and sustainable housing across the province, including millions more for repairs and retrofits to social housing buildings.

"Helping Ontario's most vulnerable find stable housing is critically important to our goal of ensuring everyone in the province has a safe place to call home. By channelling proceeds from the carbon market into the modernization of social housing buildings, we are improving the lives of tenants while taking important steps to reduce greenhouse gas emissions that will benefit us all." Peter Milczyn, Minister of Housing and Minister Responsible for the Poverty Reduction Strategy.

Ensuring everyone in Ontario has a safe and affordable place to call home is part of our plan to create jobs, grow our economy and help people in their everyday lives.


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