Ontario Mortgage and Housing Corporation

Identity area

Type of entity

Higher-level Ontario government office (type B)

Authorized form of name

Ontario Mortgage and Housing Corporation

Parallel form(s) of name

  • Société ontarienne d'hypothèques et de logement

Standardized form(s) of name according to other rules

  • Ontario Mortgage and Housing Corporation

Other form(s) of name

  • OMHC

Identifiers for corporate bodies

Description area

Dates of existence

2006-

History

Ownership and administration of public and social housing, formerly in the hands of the Ontario Housing Corporation, was transferred to municipal control with the passage of the Social Reform Act, 2000. In 2002, the Ontario Housing Corporation effected the transfer of social housing administration to forty-seven municipal service managers. These major shifts in function were, after a transition period, accompanied by a change in the enabling legislation and in the name of the Corporation, resulting in the formation of the Ontario Mortgage and Housing Corporation in December, 2006.

The Ontario Mortgage and Housing Corporation consists of Board members appointed by Order in Council as recommended by the Minister of Municipal Affairs and Housing, and the Board reports to that Minister.

Places

Legal status

Functions, occupations and activities

The Ontario Mortgage and Housing Corporation (originally the Ontario Housing Corporation, renamed, with revised legislation and functions, in December 2006) carries out certain obligations associated with the financing of Ontario’s public housing programs. Its responsibilities are primarily financial in nature, arising from the corporation's former role in delivering government programs.

Specifically, it (a) undertakes debt servicing for the Canadian Mortgage and Housing Corporation and for provincial debentures on public housing properties; (b) administers a revolving loan fund under the Home Ownership component of the Affordable Housing Program (in areas where this work is not done by Municipal Service Managers); (c) holds the Province’s liability for mortgage loan insurance, and its environmental liability on its former public housing properties under the Environmental Protection Act; and (d) administers social housing and student residence program loans.

Address

Ontario Mortgage and Housing Corporation Act, R.S.O. 1990, CHAPTER O.21, amended 2006.

Internal structures/genealogy

General context

Relationships area

Related entity

Ontario Housing Corporation (1964-2006)

Identifier of related entity

BA9

Category of relationship

temporal

Type of relationship

Ontario Housing Corporation is the predecessor of Ontario Mortgage and Housing Corporation

Dates of relationship

Description of relationship

Access points area

Subject access points

Place access points

Epithet

Control area

Authority record identifier

BA745

Institution identifier

Rules and/or conventions used

RAD: Rules for Archival Description, 2nd edn (2008)

Status

Approved

Level of detail

Dates of creation, revision and deletion

2026-11-16: migrated to AtoM

Language(s)

    Script(s)

      Sources

      Website of Ontario Mortgage and Housing Corporation, retrieved July 2012: http://www.mah.gov.on.ca/Page9781.aspx

      Ontario Mortgage and Housing Corporation Act: http://www.e-laws.gov.on.ca/html/statutes/english/elaws_statutes_90o21_e.htm

      Maintenance notes

      Archivist(s):
      Carnie