Affordable housing project for seniors opens in Grand Falls



    GRAND FALLS, NB, Oct. 19 /CNW/ - Seniors in Grand Falls will have access
to more affordable housing with today's official opening of Les Villas LPR.
This $775,000 12-unit project includes six new affordable housing units. The
project was funded under the Canada-New Brunswick Affordable Housing
Agreement.
    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 Ron Ouellette, New Brunswick Minister of Agriculture
and Aquaculture, on behalf of the Honourable Mary Schryer, New Brunswick
Minister of State for Housing, 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 Grand Falls the
opportunity to stay in their community close to family and friends and receive
the care and support they need."
    "If we want our seniors to stay active and continue to contribute to
their communities, we need more appropriate and affordable housing that
respond to their needs", said Minister Schryer. "This project shows how a good
partnership with the private sector and government can achieve that goal with
great success."
    The project called Villa LPR, located at 499 Terrace Street, Grand Falls,
received a total of $150,000 in federal funding under the Canada-New Brunswick
Affordable Housing Program Agreement to offset the construction costs, as well
as $227,000 in rent supplements from the Province of New Brunswick for six of
the 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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