Governments of Canada and New Brunswick Invest in Affordable Housing in Moncton

MONCTON, NEW BRUNSWICK--(Marketwired - July 19, 2013) - The Government of Canada and the Province of New Brunswick celebrated the official opening of a new four unit project that provides affordable housing units for low-income non-elderly singles in Moncton.

Robert Goguen, Parliamentary Secretary to the Minister of Justice and Member of Parliament for Moncton-Riverview-Dieppe, on behalf of the Honourable Jason Kenney, Minister of Employment and Social Development, and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Madeleine Dubé, New Brunswick Minister of Social Development, made the announcement today.

"Our Government is investing in affordable housing here in Moncton and across Canada to help create jobs and improve the quality of life for those who need it most, said PS Goguen. "We remain focused on four priorities, as outlined by the Prime Minister, that Canadians care most about: their families, the safety of our streets and communities, their pride in being a citizen of this country, and of course, their personal financial security."

"Investing in affordable housing is fundamental to rebuilding New Brunswick together," said Social Development Minister Madeleine Dubé. "This development is a wonderful example of all levels of government and the entire community coming together to create quality, affordable housing that will have a meaningful impact on the lives of the residents living here."

The four unit development is located at 200 Wesley Street. In addition to the $160,000 in federal funding, the housing development will receive more than $320,000 in rent supplements from the Province of New Brunswick. The developer of this new housing development is Moncton Community Residences Inc.

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 approximately $2 billion in housing this year. Of this amount, $1.7 billion will be spent in support of close to 594,000 households living in existing social housing. In New Brunswick, this represents an estimated 14,850 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, people with disabilities, recent immigrants and Aboriginal people.

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.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.