Affordable housing project for seniors opens in Fredericton



    FREDERICTON, Oct. 11 /CNW/ - Canada's New Government and the Province of
New Brunswick officially opened an affordable housing project in Fredericton
today, funded under the Canada-New Brunswick Affordable Housing Agreement. The
project created 19 new affordable housing units for seniors.
    Mike Allen, Member of Parliament for Tobique-Mactaquac, on behalf of the
Honourable Monte Solberg, Minister of Human Resources and Social Development,
along with the Honourable Mary Schryer, New Brunswick Minister of State for
Housing and Seniors, celebrated the project opening today.
    "Canada's New Government is delivering on our commitment to create
affordable housing in New Brunswick and across Canada for those who need it
the most," said MP Allen. "This project will give seniors in Fredericton
access to the housing they need and the opportunity to stay in their community
close to family and friends."
    "Secure and affordable housing helps seniors stay active in their
communities," said Minister Schryer. "We are pleased to join our partners in
this great project to see more affordable housing being created for the
benefit of the seniors in Fredericton and the area."
    The project, called York Developments, is located at 116 Sunset Drive. It
received a total of $665,000 in federal funding to offset the construction
costs, as well as $717,000 in rent supplements from the Province of New
Brunswick for 19 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 contributes
$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
involved 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 over
the last three years.

    Backgrounder is attached.

    
       Backgrounder - Canada-New Brunswick Affordable Housing Agreement

    Phase I

    Objectives:
        - To create and sustain rental housing for low-to-moderate income
          New Brunswick households through new construction or
          rehabilitation.
        - Housing must be affordable for at least 10 years.

    Program:
        - Funding under this agreement will be used for a Rental Housing
          Program.
        - The program will create and sustain in excess of 600 units of
          rental housing for low-to-moderate income households.
        - Funding is available to private non-profits, cooperatives,
          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.

    Administration:
        - The program is administered by the New Brunswick Department of
          Family and Community Services.
        - Family and Community Services is responsible for the selection of
          affordable housing projects.


    Phase II

    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:
        - Were used for the Rental Housing Program in Phase I plus a new rent
          supplement program;
        - targeted urban areas with considerable housing needs; and
        - targeted persons on or eligible to be on a waiting list for social
          housing.
    

    Phase III

    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.




For further information:

For further information: Robert Duguay, Communications, Family and
Community Services, (506) 444-3684; Giselle Thibault, Marketing and
Communications Consultant, Canada Mortgage and Housing Corporation, (902)
426-8320


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