Michael Green comes to Electra with more than 30 years of experience in construction management.

The slowdown in new construction amounted to a 10 to 15 per cent reduction in the number of new starts for the year, the national housing agency said.

The benefits of Therme's project include $294 million toward Ontario's GDP, 2,000 jobs during the construction phase and $84 million in revenue to the province.

The Finance Department says the federal government will send more than $2.5 billion to about 600,000 Canadian businesses in December.

One program focuses on new construction and is national in scope, while the other focuses on existing affordable housing in Ontario's social housing and indigenous communities.