Federal and provincial investment of $1.6 million in affordable housing projects in northeastern New Brunswick25 May 2022
BERTRAND (GNB) – Investments totalling $1.6 million by the federal and provincial governments will help create and renovate 56 affordable housing units in northeastern New Brunswick.
“We are pleased to support non-profit organizations in the development of new affordable housing projects in the different regions of the province,” said Social Development Minister Bruce Fitch. “These organizations are playing a crucial role in our dedicated efforts to respond to the needs of New Brunswickers.”
“We are pleased to team up with all our partners in the development of more housing options for Canadians, in rural areas as much as in urban areas,” said federal Housing and Diversity and Inclusion Minister Ahmed Hussen, who is also minister responsible for the Canada Mortgage and Housing Corporation. “Thanks to the National Housing Co-Investment Fund, our government is supporting important housing projects here in New Brunswick and across Canada to ensure a better future for our citizens. This is the National Housing Strategy in action.”
Funding has been allocated to non-profit organizations in Bertrand, Caraquet, Beresford and Tracadie under the Canada-New Brunswick Bilateral Agreement on affordable housing:
- Les Résidences Léonce-Marsoliau de Bertrand Inc. – renovation of 10 existing units and addition of five new affordable housing units for seniors and people with disabilities – $530,000.
- Habitat Caraquet 201 Inc. – renovation of 12 affordable housing units for families – $322,000.
- Coopérative d’habitation Oasis Ltée in Tracadie – renovation of 23 affordable housing units for families – $525,000.
- Résidences Habitat Soleil Residences Inc. in Beresford – construction of six new affordable housing units for seniors and people with disabilities – $240,000.
The Affordable Rental Housing Program provides financial assistance to private entrepreneurs, private non-profit corporations (includes off-reserve Indigenous population), and co-operatives for the construction, repair, and conversion of rental housing projects. Assistance is in the form of forgivable loans and is based upon the cost of eligible work and the number of eligible self-contained units or bed units within a project. Information on the program is available online.