Funding supports affordable housing
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.