Affordable Housing for Seniors Announced in Fredericton
Fredericton (February 18, 2008) - The Government of Canada and the Province of New Brunswick officially announced an affordable housing project for seniors and non-elderly singles in Fredericton today. Funded under the Canada-New Brunswick Affordable Housing Agreement and the Housing Trust fund, the project will create 45 new units, of which 33 are affordable housing units.
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 Eugene McGinley, New Brunswick Minister of State for Seniors and Housing, made the announcement today.
"The Government of Canada is committed to making quality, affordable housing available in New Brunswick and across Canada available for those who need it most," said Mr. Allen. "The creation of these units will provide seniors in Fredericton with safe, quality housing at an affordable cost which will help them to build a better and stronger future. "
"We are pleased to join our partners in this project to help improve the quality of life for seniors and non-elderly singles," McGinley said. "The creation of these units will allow individuals to remain close to their families and friends, and remain active in their local community."
The project, called Lutherplace Apartments, is located at 1039 Regent Street and will be developed by St. Matthews Lutheran Church in conjunction with Atlantic Peoples Housing Ltd. The project will receive $880,000 in federal funding to offset the construction costs, as well as $1.3 million in rent supplements from the Province of New Brunswick for 33 units.
Phase III of the Canada-New Brunswick Affordable Housing Agreement will see the investment of another $40 million to create at least 754 new housing units in New Brunswick over the next two years. Available under the Federal Housing Trust Fund, $17 million will be allocated to project promoters as forgivable loans to offset construction costs. The province will provide $23 million in long-term rent supplements to ensure that 580 of the 754 new housing units will be kept affordable.
Phase I and II of the Canada-New Brunswick Affordable Housing Agreement involves investments of over $45 million to create and sustain up to 700 units of rental housing for low-to-moderate income households in New Brunswick.
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Media Contact: Robert Duguay, Communications, N.B. Department of Social Development (506) 444-3684; Patricia Montreuil, Communications and Marketing Consultant, Canada Mortgage and Housing Corporation, (506) 866-8047.
