Mr. Speaker, with respect to programs and spending administered by Canada Mortgage and Housing Corporation, CMHC, within the riding of Nanaimo-Cowichan:
Social housing: In 2006, CMHC provided funding to 992 units in the riding of Nanaimo-Cowichan, committed under various programs, which provides housing for singles and families. Of this total, there are 291 units benefiting from a preferential interest rate and some of these units are also benefiting from a forgivable capital contribution grant equivalent to 10% of the original project cost. The remaining 701 units are receiving annual funding. The planned subsidy for 2006 was $1,874,025 and the actual amount disbursed was $1,924,950.
Of these units, 242 units are located on reserve lands. The level of assistance planned in 2007 for these 242 on-reserve units is basically the same as in 2006 at or about $512,000. There may be adjustments to this level of assistance due to changes in mortgage interest rates for renewals occurring in 2007.
For the 750 off-reserve units, the administration was transferred effective January 15, 2007 under a social housing agreement, SHA, with the province of British Columbia signed in 2006. CMHC annual funding contained in the Canada-B.C. SHA is currently some $140 million. British Columbia also received a one-time lump sum amount of $24 million for risks associated with future inflation, changes in interest rates and loan losses. The amount of subsidy available in 2007 for these 750 off-reserve units is governed by the agreements between CMHC and the various sponsor groups as assumed by the British Columbia Housing Management Corporation pursuant to the SHA.
There may be additional off-reserve units located in the riding that received on-going federal assistance in 2006 under various federal-provincial programs already administered by the province of British Columbia prior to this summer’s signing of the SHA which are not included in the above unit counts. The province has the lead role for these units and does not report subsidies by project to CMHC. For the first nine months of 2006, the province had claimed federal funding of some $75 million on these programs, covering some 27,000 units across the province. These units are also covered by the SHA. Effective October 1, 2006, funding for these units is being provided through the annual funding of $140 million contained in the SHA.
Renovation programs: On December 19, 2006, the Government of Canada announced a $256 million, two-year extension of the housing renovation and adaptation programs, effective April 1, 2007. The funding will help improve the quality of housing for an additional 38,000 low-income households in all regions of Canada. For 2006/2007, British Columbia’s allocation for these housing renovation programs is approximately $16.2 million.
Under federal renovation programs in the riding of Nanaimo-Cowichan, some $605,000 has been committed for 62 units in 2006. Of these 62 units, 5 are located on reserve lands and received $54,633 in contributions. CMHC is unable to provide a forecast of how many units and dollars will be committed in 2007, since this will depend on the number of applications approved.
Affordable housing initiative/Canada-BC affordable housing program agreement: Under the $1 billion affordable housing initiative, AHI, over $130 million has been allocated to B.C. As of December 31, 2006, 4,432 affordable housing units had been committed or announced in B.C., representing federal funding of $126.4 million. The province of British Columbia and others are matching federal AHI investments.
British Columbia Housing (B.C. Housing) administers the Canada-British-Columbia affordable housing program agreement. According to information provided by B.C. Housing, in 2006 there has been one commitment for 16 units and $1,120,000 in CMHC funding under this program in the riding of Nanaimo-Cowichan. B.C. Housing is not required to provide forecasts of units planned by riding to CMHC, but it does report on projects approved during the year.
Housing trusts: The 2006 budget provides for a one time investment of $1.4 billion towards helping Canadians find safe, adequate, and affordable housing in all provinces and territories. This investment is being made through three housing trusts with provinces and territories to invest in affordable housing. This includes an affordable housing trust of $800 million, a northern housing trust of $300 million and a trust for off reserve aboriginal housing of $300 million. Funding for these housing trusts, which was confirmed on September 25, 2006, will be allocated over three years. B.C.'s share of this funding is $156.9 million.