Nov. 13, 2007
DIEPPE (CNB) - Seniors in Dieppe will have access to more affordable housing with today's official opening of Résidence J. Régis Leblanc, a 61-unit housing project that includes 45 new affordable housing units. The project was funded under the Canada-New Brunswick Affordable Housing Agreement.
"These homes will not only allow seniors to remain close to their families and friends, but most importantly, to remain active in their local community," said Eugene McGinley, New Brunswick Minister of State for Seniors and Housing. "We are pleased to be a partner in a housing project that will enhance the quality of life for many seniors."
"Our government is delivering on our commitment to create affordable housing in New Brunswick and across Canada for those who need it the most," said Veterans Affairs Minister Greg Thompson. "This project will give seniors in Dieppe access to the housing they need and the opportunity to stay in their community close to family and friends." He spoke on behalf of Monte Solberg, Minister of Human Resources and Social Development.
Located at 30 Sifroi Court in Dieppe, the project received a total of $1.5 million in federal funding under the Canada-New Brunswick Affordable Housing Agreement to offset construction costs, as well as almost $1.7 million in rent supplements from the Province of New Brunswick for 45 units.
Recently announced, Phase III of the agreement will see the investment of another $40 million to create at least 754 new housing units in New Brunswick over the next two years. The Federal Housing Trust Fund contribution of $17 million will be allocated to project promoters as forgivable loans to offset construction costs. The province will provide $23 million in long-term rent supplements to ensure that 580 of the 754 new housing units will be kept affordable.
Phase I and II of the Canada-New Brunswick Affordable Housing Agreement involve investments of over $45 million to create and sustain up to 700 units of rental housing for low-to-moderate income households in New Brunswick.
EDITOR'S NOTE: Background information follows. MEDIA CONTACTS: Robert Duguay, communications, Family and Community Services, 506-444-3684; Giselle Thibault, marketing and communications consultant, Canada Mortgage and Housing Corporation, 902-426-8320.
Backgrounder - Canada-New Brunswick Affordable Housing Agreement
Phase II of the agreement increased the total investment under the Canada-New Brunswick Affordable Housing Program Agreement to $45 million in funding. The Government of New Brunswick contributed at least 50 per cent of the matching funding; up to 10 per cent may come from municipalities and other third parties.
Under Phase II, funding:
Through Phase III of the agreement, the federal government, through the recently announced Housing Trust, and the Province of New Brunswick are committing over $40 million to create at least 754 new housing units over the next two years.
The funding is available for private entrepreneurs and non-profit organizations to help increase the supply of affordable rental housing for low income seniors, families and non-elderly singles. Of the 754 housing units to be created, 580 will be subsidized and 10 per cent are to be accessible for persons with disabilities.
Proposal development funding is also available for non-profit organizations to help them prepare and develop their project.
Proponents can submit proposals to a regional office of the Department of Family and Community Services. Projects will be selected based on their viability and their capacity to respond to housing needs for either seniors, low income families, non elderly singles, or persons with disabilities.