Terrace Bay Public Library Digital Collections

Terrace Bay News, 9 Jul 1975, p. 7

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1975 FAGE Everybody has the right to affordable housing. This is what Ontario is doing to help them obtain it. Se JULY 9, TERRACE BAY NEWS plan works to rehabilitate sub-standard dwellings -- especially those with faulty structural and sanitary conditions -- and to upgrade plumbing, heating and electrical systems. . Ontario Housing Action Program (OHAP) helps municipalities and developers to increase the supply of serviced land, thus lowering the cost of home ownership and In recent months, the Ontario Government has'introduced, or expanded, a number of measures aimed at putting home ownership within reach of greater numbers of people. That means doing two things -- making more housing available and helping you to meet home ownership costs. Four Ontario Government programs are directed right at these objectives: 1. Home Ownership Made Easy (H.0.M.E.) brings home ownership within reach of many moderate-income earners. Houses are built on serviced lots which are then leased by Ontario Housing Corporation to new homeowners, who may buy the land after five years. This combination makes possible lower-than-normal down payments and carrying costs. 2. Ontario Home Renewal Program (OHRP) offers grants and loans for home improve- ments through local municipalities to low: and moderate income homeowners. This 2.) rental accommodations. It also en- courages the building industry to more closely match the housing mix to the purchasing power of the majority of the population. . Ontario Home Buyers Grant provides a $1,500 grant in three instalments to any Ontario resident who is 18 or older and buying a first home. There are no price or income restrictions but the home must be the buyer's principal residence and acquired at fair market value. The pur- chase must be completed by December 31, 1975 and the buyer must be living in the home by June 30, 1976. If you would like more information or free literature on these four housing programs, write to: Ministry of Housing Communications and Information Services 101 Bloor Street West Toronto, Ontario M5S 1P8 Ministry of Housing Donald Irvine, Minister en Government of Ontario William Davis, Premier

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