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October 3, 2004
Five affordable housing units dedicated in Toronto
  
This news release was issued on October 3.

Wood Tree Co-operative Inc. hosted a ribbon-cutting ceremony today to celebrate
the completion of a housing development in Toronto's west end. 39/41 Norman
Avenue, as the development is called, will provide five units of much-needed
affordable housing. Residents have already moved into their new units, two of
which have wheelchair accessibility.

"The Government of Canada is a proud partner in this development," said Mario
Silva, Member of Parliament for Davenport, on behalf of Joe Fontana, Minister
of Labour and Housing. "The federal contribution is a very worthy investment.
It will help people who worry about the necessities of life to have one
guarantee - an affordable place to live."

"It is exciting to see the Federal and Municipal Governments working together
to provide affordable housing in our neighbourhoods," said Councillor Cesar
Palacio (Ward 17 Davenport). "Congratulations to Wood Tree Co-operative for
another successful addition to their many affordable housing co-ops."

This new development provides five self-contained one-bedroom units. The
project is a new, energy efficient building with radiant floor heating and the
capabilities for solar panel installations in the future.

Wood Tree is a non-profit co-op, which acquires old buildings for
rehabilitation into affordable housing. It has been providing good quality
housing for low- to moderate-income members for 30 years. The Co-op consists of
30 single-family semi-detached homes, a six-plex, two five-plexes, and two
duplexes scattered throughout the City of Toronto.

The Government of Canada's Supporting Communities Partnership Initiative,
administered by the City of Toronto, provided $94,000 to fund one of the five
units. Wood Tree raised the remaining $400,000 by re-mortgaging existing
properties.

For more information:
Deb Wallace, Wood Tree Co-operative
416-954-7302
Marty Crowder, Wood Tree Co-operative
416-565-6111



 

 

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