Saint John continues its renewal with a celebratory opening of a new housing project for a mix of low income seniors, families and people with disabilities today. The project was announced by the Federal Government and Provincial Government the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) and the Honourable Sue Stultz, New Brunswick Minister of Social Development and Minister Responsible for Housing.
Governments of Canada and New Brunswick Celebrate Official Opening in Saint John
SAINT JOHN, NEW BRUNSWICK–(Marketwire – March 20, 2012) – The Government of Canada and the Province of New Brunswick celebrated the official opening today of a new affordable housing project for low-income seniors, families, individuals, and persons with disabilities in Saint John.
Rodney Weston, Member of Parliament for Saint John, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) and the Honourable Sue Stultz, New Brunswick Minister of Social Development and Minister Responsible for Housing, made the announcement today.
“Our Government is dedicated to giving a hand-up to those in need in New Brunswick,” said MP Weston. “Through projects like this one, we are providing safe, affordable housing to residents in our community, including seniors and families.
“With the opening of these new units, we are helping New Brunswickers care for their families by investing in safe and affordable housing,” said Social Development Minister Sue Stultz, who is also minister responsible for Seniors, Housing and Community Non-Profit Organizations. “With the continued support of our partners, we are making a difference in the lives of low-income seniors, individuals, families and people with disabilities in our community.”
The new 96-unit development, located at 181 Charlotte Street in Saint John, was developed by Abbey St. Andrew Inc. The development received $2.2 million in federal funding toward construction costs and close to $4.3 million in rent supplements for 55 units from the provincial government. The developer also received a $10,000 grant and a $10,000 interest-free loan from CMHC’s Seed Funding Program.
Funding for this project was made available as a result of a joint investment under the 2009 extension of the Canada-New Brunswick Affordable Housing Initiative.
The Government of Canada, through CMHC, will invest more than $2 billion in housing this year. Of this amount, $1.7 billion will be spent in support of almost 615,000 households living in existing social housing. In New Brunswick, this represents some 16,200 households. These investments are improving the quality of life for low-income Canadians and households living in existing social housing, including individuals who are homeless or at-risk of homelessness, seniors, persons with disabilities, recent immigrants and Aboriginal people.
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