CanEquity Mortgage Canada
Canadian mortgage rates,
mortgage calculator & news.

Canadian Mortgage News

July 2008 National News Archive


Related Links:
National Archive
2008 Archive
January 2008
February 2008
March 2008
April 2008
May 2008
June 2008
July 2008
August 2008
September 2008
October 2008
November 2008
December 2008

CanEquity Mortgage News RSS 2.0 Feed

CanEquity Mortgage News Atom Feed

About RSS and Atom Feeds

Portable Document Format Printable Version Page d'accueil franšais

Affordable Housing Project Opens in Baker Brook

BAKER BROOK, New Brunswick, July 19, 2008 — The Government of Canada and the Province of New Brunswick officially opened an affordable housing project in Baker Brook, New Brunswick today, funded under the Canada – New Brunswick Affordable Housing Agreement. The project, developed by La Société d’habitation de Baker Brook, creates 10 new affordable housing units for seniors and persons with special needs.

"Our government is proud to be investing in affordable housing in Baker Brook, and across Canada, for those most in need," said the Honourable Greg Thompson, Regional Minister for New Brunswick, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation . “This project in particular will ensure that seniors and people with special needs can begin to build safer, stronger and better futures for themselves.”

"We are pleased to join our partners in this project to see more affordable housing being created for the benefit of our seniors," New Brunswick Social Development Minister Mary Schryer said. "Secure and affordable housing helps seniors stay active in their communities."

Les Résidences Baker Brook is located at 10 Théophile Street in Baker Brook, and received a total of $250,000 in federal funding to offset the construction costs, as well as $374,000 in rent supplements from the Province of New Brunswick for the 10 units.

Phase I and II of the Canada – New Brunswick Affordable Housing Agreement invovles investments of over $45 million to create and sustain affordable housing for low to moderate income households in New Brunswick.

For further information, please contact:

Robert Duguay
Family and Community Services

Joel MacDougall
Communications and Marketing Consultant
Canada Mortgage and Housing Corporation

News source: Canada Mortgage and Housing Corporation (CMHC)


Top of page