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Canada’s Economic Action Plan Delivers Housing-Related Infrastructure Loan to Rimbey

admin — Wed, 09 Jun 2010 21:29:57 +0000

Moishe Alexander applauds the Government of Canada’s announcement today that the Town of Rimbey has been approved for an infrastructure loan as part of Canada’s Economic Action Plan.

The announcement was made by Blaine Calkins, Member of Parliament for Wetaskiwin, on behalf the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).

“Our Government understands the importance of infrastructure in maintaining strong and prosperous communities,” said MP Calkins. “This program is opening the door for municipalities to meet their housing-related infrastructure needs. Canada’s Economic Action Plan will continue to create jobs and stimulate the local economy here in Rimbey, and in all corners of the country.”

Rimbey has been approved for a low-cost loan of more than $1.5 million from CMHC’s Municipal Infrastructure Lending Program (MILP), to upgrade its water distribution system. These upgrades will improve the water pressure for residents of Rimbey as well as increase the town’s water storage capacity for fire protection.

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.

“The Municipal Infrastructure Lending Program is great for smaller communities with limited borrowing capacity” said Tony Goode, Chief Administrative Officer for the Town of Rimbey. “Thanks to the CMHC loan, the Town of Rimbey is able to undertake water storage and distribution improvements that will enhance the Town’s ability to provide sustainable residential, commercial, and industrial growth in the area.”

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.

Scenes from Rimbey – Moishe Alexander (video)

Mortgage Rates Ontario offer their clients the best Affordable Home Mortgage

admin — Fri, 17 Jul 2009 14:48:43 +0000

There could be several reasons why one needs to acquire a mortgage but it is always wise if one thinks a hundred times before he/she goes in for it. This resolution should not be taken lightly but in fact it should be measured as an important issue which not only needs time but also intelligence before one progresses for it. One may get trapped for paying off the debts for the next 10 or 20 years or even more than that. So it is very essential that one needs a suitable guidance before taking the most important decision.

Each individual’s needs are different. Some people try to go in for the Lowest mortgage rates because Home Mortgage Rates is the easiest method to get loan from any foremost mortgage company. It is always recommended to read or get an correct information about all the terms and conditions before you can proceed with the legal paper work. This is a decisive phase and no one can deny the fact that these days recession has hit very hardly in the markets all over the world and so in aggravation or even due to various other grounds people may have to acquire mortgage to save themselves from the financial disaster and in this situation it is possible that many people may take the wrong decision. Well, there is no need to fret because out of the different rates of interest and conditions, what I think the best choice would be is to go in for the Mortgage rates Toronto which serves at its best with the lowest rates of interest. It would be easier to clear the debts if one opts to go for the Mortgage Rates Canada.

I have a good familiarity with the Affordable Home mortgage. They are truly very good advisors and they very well guide their clients to take the right decision even in the period of crisis. The Affordable Home Mortgage give their clients the complete financial support at a low cost which indicates that the person is tension free even in bad times.

http://www.realestaterounds.com/mortgage-rates-ontario-offer-their-clients-the-best-affordable-home-mortgage/

brought by Moishe Alexander, CFC Canadian Funding Corp CEO

Financing Measures Are All in Operation

admin — Thu, 18 Jun 2009 18:49:56 +0000

Canadian Funding Corp video

The Honourable Jim Flaherty, Minister of Finance, and the Honourable Tony Clement, Minister of Industry, today announced that all of the measures in Canada’s Economic Action Plan to improve access to financing are in place and fully operational.

“To date, over $115 billion has been provided to improve the availability of financing for Canadian households and businesses, all of it on a commercial basis to protect the taxpayer,” said Minister Flaherty. “This has had a real impact on credit conditions in Canada. Household and business credit is growing and average interest rates have fallen steadily. This is good news for all Canadians.”

Minister Flaherty also announced that allocations under the $1-billion Small Enterprise Tranche of the Canadian Secured Credit Facility (CSCF) have been made, ensuring the facility reaches smaller participants in the loan and leasing market. Lenders from a cross-section of the vehicle and equipment financing industry have received the allocations. This brings the total allocated under the CSCF to $11 billion. A further $1 billion will be allocated in August.

“Giving smaller lenders in the loan and leasing market a chance to access credit is wholly consistent with Canada’s Economic Action Plan,” said Minister Clement. “Support for the financing of vehicles and equipment in Canada will also help bolster confidence in the Canadian auto industry at this critical time.”

Canada’s Economic Action Plan takes unprecedented action to improve access to credit and financing for Canadian families and businesses. Measures include the:

* Business Credit Availability Program
* Canadian Secured Credit Facility
* Insured Mortgage Purchase Program
* Canadian Lenders Assurance Facility
* Canadian Life Insurers Assurance Facility

Minister of Finance Announces Financing Measures Are All in Operation

admin — Tue, 16 Jun 2009 13:32:52 +0000

Canadian Mortgage Funding Assistance, review brought by Moishe Alexander, CFC CEO.

The Honourable Jim Flaherty, Minister of Finance, and the Honourable Tony Clement, Minister of Industry, today announced that all of the measures in Canada’s Economic Action Plan to improve access to financing are in place and fully operational.

Canada’s Economic Action Plan takes unprecedented action to improve access to credit and financing for Canadian families and businesses. Measures include the:

* Business Credit Availability Program
* Canadian Secured Credit Facility
* Insured Mortgage Purchase Program
* Canadian Lenders Assurance Facility
* Canadian Life Insurers Assurance Facility