Funding details announced for affordable housing in Nova Scotia



    HALIFAX, May 1 /CNW Telbec/ - From Sydney to Yarmouth and communities in
between, federal and provincial funding of $128 million will help build new
and renovate existing affordable housing and create new construction jobs for
Nova Scotians.
    Greg Kerr, MP for West Nova, on behalf of the Honourable Diane Finley,
Minister of Human Resources and Skills Development Canada and Minister
Responsible for Canada Mortgage and Housing Corporation (CMHC), the Premier of
Nova Scotia, Rodney MacDonald, and the Honourable Chris d'Entremont, Nova
Scotia Minister of Community Services, today announced the regions where the
new housing investments will be made.
    "Our Government is moving aggressively to ensure Canada's Economic Action
Plan is implemented rapidly here in Nova Scotia and across Canada," said MP
Kerr. "I'm pleased that more lower-income individuals, families, seniors and
persons with disabilities, will benefit from safe, affordable housing in their
communities."
    Overall in Nova Scotia, 400 new housing units will be created, and
renovations and energy upgrades will be undertaken on more than 1,100 public
housing buildings, co-ops and non-profits, benefitting approximately 8,600
individual social housing units.
    "This investment in affordable housing is a major part of Nova Scotia's
Building for Growth provincial infrastructure plan, which will inject close to
$2 billion into our economy over the next three years," said Premier
MacDonald. "The housing stimulus funding is also a major component of the
province's poverty reduction strategy,"
    Approximately $20 million will be spent on the creation, renovation and
upgrade of more than 2,000 social housing units in Cape Breton. Northern Nova
Scotia will see about $10 million used for the same purposes for approximately
1,300 social housing units. Central Nova Scotia will get approximately $50
million for the creation, renovation and upgrade of approximately 3,700 units
and around $16 million will be invested in more than 1,600 social housing
units in the Western region.
    "This federal-provincial partnership to build new and renovate existing
affordable housing will provide jobs, a better quality of life for many Nova
Scotians and a stronger provincial economy," said Minister d'Entremont. "We
will build more affordable housing, help seniors stay in their homes longer
with renovations, and help the disabled with rent subsidies."
    The remaining $32 million of the $128 million will go towards continued
funding for existing federal/provincial repair programs and the Affordable
Housing Initiative, which are cost-shared by both levels of government, and
made possible through partnerships with private developers and non-profits.
    On April 29, 2009, in Ottawa, the federal and provincial governments
signed amendments to two Canada-Nova Scotia Housing program agreements, which
contain funding under Canada's Economic Action Plan, the continuation of the
Affordable Housing Program, as well as the Housing Renovation Program
Agreement.
    To date, under the Affordable Housing Program, more than 1,200 affordable
housing units have been created or preserved in Nova Scotia.

    To find out more about how the Government of Canada and CMHC are working
to build stronger homes and communities for all Canadians, call CMHC at
1-800-668-2642 or visit www.cmhc.ca/housingactionplan. For more information on
Canada's Economic Action Plan, call 1-800-O Canada.




For further information:

For further information: Michelle Bakos, Press Secretary, Office of
Minister Finley, (819) 994-2482, michelle.bakos@hrsdc-rhdsc.gc.ca; Kristen
Tynes, Communications Advisor, Nova Scotia Department of Community Services,
(902) 424-4038, tyneskja@gov.ns.ca; Giselle Thibault, Consultant,
Communications and Marketing, Canada Mortgage and Housing Corporation, (902)
426-8320, gthibaul@cmhc.ca


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