Government of Canada

Government of Canada
Government of New Brunswick

Government of New Brunswick

August 01, 2014 10:19 ET

Governments of Canada and New Brunswick Invest in New Affordable Housing In Saint-Quentin

SAINT-QUENTIN, NEW BRUNSWICK--(Marketwired - Aug. 1, 2014) - The Government of Canada and the Province of New Brunswick, along with the developer, Marc Thibault Construction Enregistré., marked the start of construction of a housing development in Saint-Quentin for low-income families and persons with disabilities. The six unit project, located at 7 Albert Street, will include three affordable housing units.

The Honourable Bernard Valcourt, Minister of Aboriginal Affairs and Northern Development and Member of Parliament for Madawaska-Restigouche, on behalf of the Honourable Candice Bergen, Minister of State (Social Development), along with the Honourable Martine Coulombe, Member of the Legislative Assembly for Restigouche-la-Vallée, on behalf of the Honourable Madeleine Dubé, New Brunswick Minister of Social Development, made the announcement today.

"This is an exciting day for the community and I am delighted to be part of it," said Minister Valcourt. "Our Government's investment in Saint-Quentin is helping to provide a safe and affordable place for families and people with disabilities to call home."

"Investing in affordable housing is fundamental to rebuilding New Brunswick together," said MLA Coulombe. "I am pleased to celebrate this project, which shows our government's commitment to enhancing the quality of life of New Brunswickers and their families, while living within our means."

In addition to the $120,000 in federal funding, the housing development will receive $253,437 in rent supplements from the Province of New Brunswick.

This funding comes as a result of the $46.8 million Canada-New Brunswick Investment in Affordable Housing (IAH) 2011-2014 Agreement.

Annually, the Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), will invest approximately $2 billion in housing. Of this amount, $1.7 billion will be spent in support of close to 600,000 households living in existing social housing. In New Brunswick, this represents an estimated 14,250 households. The remaining funding supports housing-related activities and affordable housing programs, including the Investment in Affordable Housing. 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. Economic Action Plan 2013 continued this commitment with a federal investment of more than $1.25 billion over five years to renew the Investment in Affordable Housing to 2019. The Government of Canada will ensure that funds provided to provinces and territories support the use of apprentices, which will support training of skilled labour.

From April 2011 to March 2014, the IAH has already helped more than 183,600 households nationally, and more than 5,195 in New Brunswick.

These new affordable housing units are part of the New Brunswick Government's strategy to rebuild New Brunswick together and enhance the quality of life of its residents. The investments made by the provincial government are helping to build and strengthen communities in New Brunswick by providing quality, affordable housing options for low-income individuals, families and seniors. For more information on affordable housing projects in New Brunswick, visit www2.gnb.ca/content/gnb/en/departments/social_development/housing.html.

To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc-schl.gc.ca.

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