Canada’s Economic Action Plan Delivers Housing-related Infrastructure Loan to Carleton Place

Carleton Place, ON – June 4, 2010 – The Government of Canada announced today that Carleton Place has been approved for an infrastructure loan as part ofCanada’s Economic Action Plan.

The announcement was made by Scott Reid, local Member of Parliament for Lanark – Frontenac – Lennox and Addington, on behalf the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

“I am pleased to announce that Carleton Place will once again benefit from our Conservative government’s Economic Action Plan,” said MP Reid.  “Carleton Place is growing and our municipal infrastructure needs to keep up with this expansion.”

Carlton Place has been approved for a low-cost loan of almost $3.8 million from CMHC’s Municipal Infrastructure Lending Program (MILP) to upgrade its wastewater treatment plant.  These funds will expand and improve the existing wastewater treatment facility for the residents of Carleton Place.

Canada’s Economic Action Plan provides up to $2 billion in direct low-cost loans to municipalities, over two years, for housing-related infrastructure projects through the MILP. Municipal infrastructure loans are available to any municipality in Canada and provide a new source of funds for municipalities to invest in housing-related infrastructure projects. These low cost loans can also be used by municipalities to fund their contribution for cost-shared federal infrastructure programming.

“Carleton Place is pleased to have our application approved as this will allow us to pursue projects that will not only enhance our community but will also create jobs in a cost effective manner.  The loan we have received will lessen the burden on our citizens in the years ahead,” said Mayor Paul Dulmage.

Eligible projects include infrastructure related to housing services such as water, power generation and waste services, as well as local transportation infrastructure within and into residential areas, such as roads, sidewalks, lighting and green space.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

More information on this and other measures in Canada’s Economic Action Plan, a plan to stimulate the economy and protect those hit hardest by the global recession, can be found at: www.actionplan.gc.ca.

More information, including applications forms, for municipalities wishing to apply for loans can be found at: www.cmhc.ca/housingactionplan.gc.ca.

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Backgrounder attached.

Media inquiries:

Angelina Ritacco
CMHC,Communications and Marketing
416-218-3320

Charles Sauriol
CMHC
National Office, Media Relations
613-748-2799

Michelle Bakos
Office of the Honourable Diane Finley
Minister of Human Resources and Skills Development
819-994-2482

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