Fund­ing sup­ports af­ford­able hous­ing

The Compass - - SPORTS -

Three af­ford­able hous­ing projects in Har­bour Grace, Car­bon­ear and Vic­to­ria are ben­e­fit­ting from the sup­port of the pro­vin­cial and fed­eral gov­ern­ments.

Ear­lier this month, the gov­ern­ments an­nounced over $16 mil­lion in sup­port for 30 new af­ford­able hous­ing projects in this prov­ince.

These projects are pro­vid­ing a to­tal of 270 new units through­out New­found­land and Labrador for low-in­come se­niors, in­di­vid­u­als, fam­i­lies and per­sons with dis­abil­i­ties. In this re­gion, they in­clude: • Har­bour Grace — $350,000 for Har­bour Homes Ltd. to sup­port the con­struc­tion of 10 hous­ing units;

• Vic­to­ria and Car­bon­ear — $315,000 for RD De­vel­op­ments Ltd. to sup­port the con­struc­tion of nine hous­ing units;

• Car­bon­ear — $1.25 mil­lion for Char­wood Le­gion Manor to sup­port the con­struc­tion of 10 hous­ing units.

Fund­ing for most of these projects has been made avail­able through Canada’s Eco­nomic Ac­tion Plan and the Af­ford­able Hous­ing Ini­tia­tive ( AHI). The fed­eral and pro­vin­cial gov­ern­ments are con­tribut­ing equally to this over­all in­vest­ment of $69 mil­lion un­der the amended 2009 Canada-New­found­land and Labrador Af­ford­able Hous­ing Pro­gram Agree­ment.

“ Through Canada’s Eco­nomic Ac­tion Plan, our govern­ment is pro­vid­ing a hand-up to those who need it most here in New­found­land and Labrador and in all cor­ners of the coun­try,” said Con­ser­va­tive Sen­a­tor Fabian Man­ning.

“ These in­vest­ments help cre­ate new jobs and stim­u­late the lo­cal econ­omy, while pro­vid­ing more ac­cess to safe, af­ford­able homes for se­niors and peo­ple with dis­abil­i­ties.”

Added Tom Hed­der­son, min­is­ter of trans­porta­tion and works and min­is­ter re­spon­si­ble for the New­found­land and Labrador Hous­ing Cor­po­ra­tion: “ The Wil­liams govern­ment’s to­tal con­tri­bu­tion of $8.4 mil­lion to these projects strength­ens our com­mit­ment to part­ner­ing with pri­vate sec­tor de­vel­op­ers and non-profit groups. This has proven to be an ex­cel­lent way to pro­vide more qual­ity and safe af­ford­able hous­ing for those in need.

“ In ad­di­tion to ben­e­fit­ing low­in­come se­niors, fam­i­lies and per­sons with dis­abil­i­ties who will call these new units home, these projects also ben­e­fit our lo­cal con­struc­tion, ser­vice and re­tail in­dus­tries and help build a stronger econ­omy.”

A key AHI pro­gram ob­jec­tive for the pro­vin­cial govern­ment is to stim­u­late the devel­op­ment of af­ford­able rental hous­ing in the pri­vate, pub­lic and not-for­profit sec­tors, Hed­der­son ex­plained.

Pro­vin­cial pri­or­ity is on rental hous­ing for se­niors, per­sons with dis­abil­i­ties and those who re­quire sup­ports to live in­de­pen­dently in the com­mu­nity, he added.

Canada’s Eco­nomic Ac­tion Plan pro­vides $475 mil­lion, over two years, to build new rental hous­ing for low-in­come se­niors and per­sons with dis­abil­i­ties.

Over­all, the plan in­cludes $2 bil­lion for the con­struc­tion of new and the ren­o­va­tion of ex­ist­ing so­cial hous­ing, plus up to $2 bil­lion in low-cost loans to mu­nic­i­pal­i­ties for hous­ing-re­lated in­fra­struc­ture.

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