More safe, quality and affordable housing opens in Fredericton



    FREDERICTON, Aug. 27 /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 50 new units, of which 44 are affordable housing units for
non-elderly singles and persons with disabilities.
    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 Kelly Lamrock, New Brunswick Minister of Education,
on behalf of the Honourable Mary Schryer, New Brunswick Minister of State for
Housing, celebrated the project opening today.
    "Canada's New Government is committed to making quality, affordable
housing available in New Brunswick and across Canada for those who need it
most," said Mr. Allen. "The creation of these units will provide low-income
individuals and persons with disabilities in Fredericton with safe, quality
housing at an affordable cost which will help them to build a better and
stronger future. "
    "Effective affordable housing strategy requires strong links between
government, non-profit housing associations, communities and the private
sector," Minister Lamrock said. "The Tannery Court project in Fredericton
shows the important role that non-profit organizations play in creating more
affordable housing units in our province."
    The project, called Tannery Court Fredericton, is located at 333 Cliff
Street and was developed by the Tannery Court Co-operative Ltd. The project
received a total of $1,100,000 in federal funding to offset the construction
costs, as well as $1,600,000 in rent supplements from the Province of New
Brunswick for 44 units.

    The Canada-New Brunswick Affordable Housing Agreement involves
investments of over $45 million in the creation of affordable housing units in
New Brunswick.

    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 will be administered by the New Brunswick Department of
      Family and Community Services.
    - Family and Community Services is responsible for the selection of
      affordable housing projects.

    Financial Provisions:

    - Maximum CMHC funding under the agreement is $14.98 million to be
      matched by the Province of New Brunswick for a total of $29.96 million.
    - Overall average CMHC funding will not exceed $25,000 per unit.
    - Province of New Brunswick will provide rent supplements for low- to
      moderate-income households who occupy their housing.

    Phase II

    Phase II of the Agreement increases the total investment under the
Canada-New Brunswick Affordable Housing Program Agreement by $15.14 million in
funding. The Government of New Brunswick will contribute 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 will be:
    - used for the Rental Housing Program in Phase I plus a new rent
      supplement program;
    - targeted to urban areas with considerable housing needs; and
    - targeted to persons on or eligible to be on a waiting list for social
      housing.
    




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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