The federal and provincial governments have announced $801 million over the next five years for new and affordable housing in Ontario.

But not a dime of the money announced Monday can be used to cover the massive backlog of repairs at Toronto Community Housing, Municipal Affairs Minister Ted McMeekin acknowledged.

The funding for all of Ontario — set aside in the Investment in Affordable Housing agreement — is evenly split between Ottawa and Queen’s Park, but the estimated $751 million in immediate capital repairs needed at Toronto Community Housing Corporation’s 58,500 housing units are not eligible.