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Ontario Making Major Investments in Social Housing Repairs and Retrofits in Peterborough

Province Modernizing Social Housing Infrastructure with Energy-Efficient Upgrades

 

NEWS

 

Thursday September 14th, 2017

Ontario is providing new funding for repairs and retrofits to social housing in Peterborough 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.

Jeff Leal, MPP for Peterborough was at City Hall today to make the announcement. The City of Peterborough will receive up to $2,208,161.00 for repairs and retrofits to social housing apartment buildings over five years, contingent on carbon market proceeds.

The investment will help improve the lives of low-income and vulnerable tenants in the Peterborough community with upgrades to social housing buildings such as new energy efficient heating, improved insulation, and window replacements.

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.

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.

QUOTES

 

“This investment will ensure that our social housing is modern and energy efficient. By providing individuals and families with decent housing we are giving them more than just shelter; it provides stability, security and dignity.”

-       Jeff Leal, MPP

 

“With the support of the provincial government, we are helping to provide stable, safe and affordable housing that is essential to the quality of life for individuals and families in the Peterborough Region," Mayor Daryl Bennett says.

 

QUICK FACTS

 

  • The province will invest up to $657 million for repairs and retrofits to social housing apartment buildings across the province over five years, contingent on carbon market proceeds.
  • 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.
  • Under the Green Investment Fund, Ontario has already invested $82 million on energy retrofits for high-rise social housing towers of 150 units or more.
  • Ontario’s five-year investment of carbon market proceeds to social housing repairs and retrofits in Peterborough includes contributions of $2,208,161 between 2018-19 and 2020-21.
  • The Climate Change Action Plan and carbon market form the backbone of Ontario's strategy to cut greenhouse gas pollution by 80 per cent by 2050, while investing in programs that help Ontario families and businesses save money and lower greenhouse gas emissions.

 

LEARN MORE

Ontario’s Fair Housing Plan

Ontario’s Green Investment Fund

Ontario’s Climate Change Action Plan

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