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Launch of New Affordable Housing in Grand Bay – Westfield

GRAND BAY - WESTFIELD, New Brunswick, December 18, 2006 — Seniors in Grand Bay – Westfield will have access to more affordable housing with the construction of a new affordable housing project by River Valley Lions Club.

The Honourable Greg Thompson, Minister of Veterans' Affairs and Regional Minister for New Brunswick, on behalf of the Honourable Diane Finley, Minister of Human Resources and Social Development, along with Mary Schryer, New Brunswick Minister of State for Housing, launched the new affordable housing project today.

"Seniors in Grand Bay – Westfield now have more access to quality, affordable housing that will allow them to continue to live in their communities with dignity and independence," said Minister Thompson. "Canada's new government is proud to support projects like this. We are also helping seniors and pensioners through a proposed Tax Fairness Plan that will allow income splitting and deliver more than a billion dollars in tax relief annually."

"The non-profit sector plays an important role in our efforts to develop more affordable housing units in our province," said Minister Schryer. "The government of New Brunswick is pleased to work with its partners to enhance affordable housing programs in both urban and rural areas."

The project received $450,000 under Phase I of the Canada – New Brunswick Affordable Housing Agreement and involves a total of seven affordable housing units, six of which receive rent supplements from the province.

The Canada – New Brunswick Affordable Housing Agreement will invest of over $45 million in the creation of affordable housing units in New Brunswick.

Media inquiries:

Robert Duguay
Communications
Family and Community Services
506-444-3684
Emely Poitras-Benedict
Marketing and Communications Consultant
Canada Mortgage and Housing Corporation
902-426-8127

See Related Speech

Backgrounder

Canada – New Brunswick Affordable Housing Agreement

Phase I

Objectives:

Program:

Administration:

Financial Provisions:

Phase II

Phase II of the Agreement increases the total investment under the Canada – New Brunswick Affordable Housing Program Agreement by $7.57 million in funding. The Government of New Brunswick will contribute at least 50 per cent of the matching funding; up to 10 per cent may come from municipalities and other third parties.

Under Phase II, funding will be: