TORONTO, April 5, 2019—Toronto Community Housing Corporation (TCHC) President and CEO Kevin Marshman has issued the following statement on the co-investment fund announced today by Prime Minister Justin Trudeau and Toronto Mayor John Tory at TCHC's Adanac Apartments in Scarborough. The fund will provide $1.34 billion over 10 years for capital repairs to Toronto Community Housing buildings under the National Housing Strategy.
"This is a great day for Toronto Community Housing.
"The co-investment fund will enable us to continue improving living conditions, safety and comfort for thousands of tenants, continue our progress in making tenants' homes and their buildings accessible and energy-efficient, and help preserve the city's social housing stock for future generations.
"On behalf of Toronto Community Housing, I sincerely thank our federal partners, Mayor Tory and Council, and the City of Toronto for this tremendous boost to our capital plan and for their support for improving the lives of our 110,000 tenants.
"The co-investment fund brings us closer than ever before to the day when all our buildings are in good repair and all our tenants live in clean, safe, well-maintained homes."
About Toronto Community Housing:
Toronto Community Housing (www.torontohousing.ca
) is Canada's largest social housing provider. We provide homes for nearly 60,000 low- and moderate-income households in neighbourhoods across the city.
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