New affordable housing project officially opens in Summerside



    SUMMERSIDE, PE, June 17 /CNW/ - More individuals with a disability now
have access to more affordable, barrier-free housing with the official opening
of the Independence Place project in Summerside.
    Independence Place, a development by Scotcor Construction Ltd, provides
five two-bedroom and six one-bedroom units on North Duke Street in Summerside.
Scotcor Construction Ltd will receive $431,500 under the Canada-P.E.I.
Affordable Housing Agreement. The balance of funding will be provided by the
developer and through a mortgage loan.
    The Honourable Peter MacKay, Minister of National Defence, Minister of
the Atlantic Canada Opportunities Agency, and Minister responsible for Prince
Edward Island, on behalf of the Honourable Monte Solberg, Minister of Human
Resources and Social Development, and the Honourable Doug Currie, Prince
Edward Island Minister of Social Services and Seniors made the announcement
today.
    "The Government of Canada is committed to making affordable housing more
available in Prince Edward Island and across Canada for those who need it
most," said Minister MacKay. "With the opening of this project, individuals in
Summerside who are living with disabilities will now have access to quality,
affordable rental housing and services to meet their specific needs, while
remaining close to their families and friends."
    Minster Currie thanked all parties involved for their role in the work
leading up to today's opening including Scotcor Construction, the City of
Summerside and the PEI Council of the Disabled. "This complex is beautifully
constructed and designed with much care for detail. I commend Scotcor
Construction Ltd for this contribution to the community by improving housing
supports for persons with disabilities and their families."
    Corinna and Scott Costain, owners of Scotcor Construction said that the
project was only possible because of the financial contribution of the Canada
PEI Affordable Housing Agreement. "We are pleased to be in a position to help
improve the availability of accessible and affordable housing in the
Summerside market
    The Canada-Prince Edward Island Affordable Housing Agreement involves an
investment of $8.32 million in the creation of affordable housing units in
Prince Edward Island. To date, more than120 units have been supported by the
Agreement in rural and urban communities across PEI.
    The Department of Social Services and Seniors delivers services that
touch the lives of nearly every Islander. Staff work with other levels of
government and community-based organizations to assist persons with
disabilities, children, youth and families, seniors and those in need of
financial assistance and affordable housing.

    A backgrounder on the Canada-P.E.I. Affordable Housing Program Agreement
is attached.

    
         Canada-P.E.I. Affordable Housing Program Agreement Summary

    Objectives

    To increase and sustain the supply of new affordable housing in Prince
Edward Island. Housing supported by the Canada-P.E.I. Affordable Housing
Agreement must be affordable for 10 years.

    Program

    Funding under this agreement will be used to create new, additional,
affordable housing units for low to moderate income Islanders through rental,
conversion and home ownership initiatives.

    Administration

    The program is administered by the Prince Edward Island Department of
Social Services and Seniors. Prince Edward Island is responsible for the
selection of affordable housing projects. Provincial priorities are housing
for families, persons with disabilities and persons with special needs. The
provincial government has partnered with Habitat for Humanity to deliver the
home ownership component.

    Financial Provisions

    Maximum CMHC funding under the agreement is $4.16 million to be matched by
the Province of Prince Edward Island, municipalities and others partners.

    Accountability

    Prince Edward Island will provide annual audit and performance reports on
the use of CMHC funding. CMHC will lead a national evaluation of the program
in 2006 and the province will be invited to participate.
    




For further information:

For further information: Verna Lynne Weeks, Communications Officer, PEI
Department of Social Services & Seniors, (902) 620-3409 - desk, (902) 314-1370
- cell; Joel MacDougall, Communications and Marketing Consultant, Canada
Mortgage and Housing Corp., (902) 426-6581


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