Social Development

New affordable housing announced in Moncton (09/05/08)

NB 655

May 8, 2009

MONCTON (CNB) - The construction of 50 apartments for non-elderly singles and disabled persons was announced today by the provincial and federal governments. The new Moncton-based units will be funded under Phase III of the Canada-New Brunswick Affordable Housing Agreement.

Social Development Minister Mary Schryer, who is also minister responsible for housing, and Miramichi MP Tilley O'Neill-Gordon made the announcement today. O'Neill-Gordon attended on behalf of Diane Finley, minister of human resources and skills development Canada, and minister responsible for the Canada Mortgage and Housing Corp.

"We are pleased to join our partners in these projects to help increase the availability of high-quality and affordable homes for low-income individuals in the Moncton area," said Schryer. "The creation of more affordable housing is part of this government's efforts to help low-income individuals be active and healthy members of local communities."

The $4.9-million project at 430 High St. is expected to be completed by January 2010.

The units are being developed by Tannery Court Cooperative Ltd. The project will receive funding of $1.4 million under the Federal Affordable Housing Trust to offset construction costs, as well as $2.1 million in rent supplements from the Province of New Brunswick for 49 of the 50 units.

"The Government of Canada is committed to making affordable housing available in New Brunswick and across Canada for those who need it most," said O'Neill- Gordon. "Here in Moncton, the creation of these units will help individuals and persons with disabilities get access to suitable, affordable housing that meets their specific needs."

Funding is available to private non-profit organizations, co-operatives, and community or private developers interested in developing projects for low- to moderate-income families, seniors, non-elderly singles, disabled persons and persons with special needs.

The project will be built to high energy-efficiency standards, and will involve consultation with Efficiency NB. Builders of affordable housing projects for low-income individuals may receive an incentive of $2,000 per apartment unit if the building is heated by low greenhouse-gas-emission technologies as approved by Efficiency NB.

09/05/08

MEDIA CONTACTS: Sonya Gilks, communications, Department of Social Development, 506-444-3730; Patricia Montreuil, communications and marketing consultant, Canada Mortgage and Housing Corp., 506-851-2229.

09/05/08