June 25, 2010
SAINT JOHN (CNB) - Construction is underway on a 96-unit affordable housing project in Saint John.
Premier Shawn Graham and Rodney Weston, MP for Saint John, made the announcement today.
"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 Saint John," said Graham. "The creation of more affordable housing is a key component of the poverty reduction plan and our housing strategy to ensure New Brunswickers have a quality, energy efficient place to call home."
The province's housing strategy, Hope is a Home, is a five-year plan to reduce poverty by making housing more affordable. The strategy recognizes the need for mixed income neighbourhoods, to revitalize old neighbourhoods, repair and renovate older housing stock and build new units to keep up with the demand.
The housing units are being developed by Abbey St. Andrew Inc., a non-profit organization. The project will receive $2.2 million in federal funding toward construction costs, and $4.2 million in rent supplements from the provincial government for 55 of the units.
The apartment complex for seniors, non-elderly singles, families and disabled persons is at 181 Charlotte St. Construction on the $14.1 million project is expected to be completed by July 2011.
"Our government is dedicated to giving a hand up to those in need in New Brunswick through these tough economic times," said Weston. "Through projects like these, we are providing safe affordable housing to low-income residents in our community while also creating jobs and stimulating our economy."
Weston spoke on behalf of Diane Finley, minister of Human Resources and Skills Development Canada and minister responsible for the Canada Mortgage and Housing Corp.
Funding for this project was made available under the amended Canada-New Brunswick Affordable Housing Program Agreement. The federal and provincial governments contribute equally to the overall investment of $85.32 million under this program.
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.
This project will be built to high energy-efficiency standards, and it 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.
MEDIA CONTACTS: Nichole Bowman, communications, Department of Social Development, 506-457-7857; Patricia Montreuil, communications and marketing consultant, Canada Mortgage and Housing Corp., 506-851-2229.