GRAND FALLS, NEW BRUNSWICK--(Marketwire - Sept. 11, 2012) - Mike Allen, Member of Parliament for Tobique-Mactaquac, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Sue Stultz, New Brunswick Minister of Social Development and Minister Responsible for Housing, today participated in the official opening of a 24-unit development in Grand Falls, that provides a total of 12 affordable housing units for seniors and persons with disabilities.
Funding in the amount of more than $1.4 million has been made available for this housing development through Canada's Economic Action Plan, the federal government's plan to stimulate the economy and create jobs during the global recession. The federal and provincial governments are contributing equally to this overall investment of $75 million under the amended Canada - New Brunswick Affordable Housing Program Agreement.
"Through Canada's Economic Action Plan, the Harper Government is taking concrete action to help ensure economic recovery and create the conditions for long-term growth," said MP Allen. "Funding projects like Place de la Gare will not only improve the overall housing conditions for seniors and persons with disabilities, but also helps to stimulate the local economy and create jobs."
"Adequate, accessible and affordable housing is a significant factor in helping to enhance the quality of life of New Brunswickers and their families," said Stultz. "Projects such as this one are good examples of how governments and the community can work together to rebuild New Brunswick."
Place de la Gare is a 24-unit complex, located at 510 Chapel Street, in Grand Falls. In addition to the federal housing funding of $480,000 for low-income seniors and persons with disabilities provided through Canada's Economic Action Plan, the project received close to $960,000 in rent supplements from the provincial government for 12 units.
The Government of Canada, through CMHC, will invest more than $2 billion in housing this year. Of this amount, $1.7 billion will be spent in support of almost 605,000 households living in existing social housing. In New Brunswick, this represents some 16,300 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, persons with disabilities, recent immigrants and Aboriginal people.
To find out more about how the Government of Canada, through CMHC, is working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc.ca.