Preconstruction and Infrastructure Fund to support housing

The Preconstruction and Infrastructure Fund to support housing has been established to advance housing developments through two streams:

• preconstruction funding
• small community housing infrastructure funding

The purpose of each stream is to help advance housing developments by providing financial support for preconstruction of work and building or enhancing infrastructure to support housing development in small communities, respectively.

The Regional Development Corporation (RDC) is responsible for the overall management of the Preconstruction and Infrastructure Fund. 

The fund is available to:

• Municipalities 
• Regional Service Commissions
• First Nations  
• Not-for-profit incorporated organizations

All funding applications will be received, assessed, and evaluated by RDC, in consultation with stakeholder departments through RDC’s sector advice process. The President of the Regional Development Corporation will have authority to approve funding for projects.

Application evaluation

Applications will be evaluated against the following eligibility and assessment criteria:   

• The project benefits: The proposed project benefits, and their value to the province / region. If the project involves for-profit development, the need for government funding must be clearly explained.
• The project viability: The likelihood that the proposed project can be realized / completed as proposed.  
• The project sustainability: The probabilities that the project or the intended effects of the project can be maintained once it has been completed.  
• The applicant viability: The state of the operational and financial stability of the applicant.   
• The applicant capacity: The management and financial capacity of the client to meet costs associated with the delivery of the project. 
• Alignment with NB Housing Strategy: Alignment with the Guiding Principles, Goals and Targets identified in the NB Housing Strategy: Housing for All, included in Appendix A.

All proposals submitted for assessment are subject to applicable environmental assessment requirements and to the Government of New Brunswick’s duty to consult policy where applicable.  
 
The amount of detail and supporting evidence to be provided in an application will be relative to the size, complexity and funding amount requested.