Jun 27 2015
The governments of Canada and New Brunswick joined today to mark construction progress on Vimy Estates, a new 62-unit development which contains 36 new affordable housing units for low-income seniors and persons with disabilities.
Rodney Weston, Member of Parliament for Saint John, on behalf of the Honourable Candice Bergen, Minister of State (Social Development), along with the Honourable Ed Doherty, New Brunswick Minister of Government Services, on behalf of the Honourable Cathy Rogers, New Brunswick Minister of Social Development, gathered to visit the construction site.
"Our Government is helping to make affordable housing available in New Brunswick and across Canada," said MP Weston. "These new units will help seniors access affordable rental housing that meets their needs, and remain close to their family and friends in the community."
"Making life easier and more affordable for all New Brunswickers is one our government top priorities," said Minister Doherty, "By maintaining a key role into this partnership among governments, businesses, communities and non-profit organizations, New Brunswick moves forward in meeting the needs of those who need it most."
The complex, developed by Vimy Estates Inc., is located at 190 Churchill Boulevard.
Funding for the new units was provided through the Canada-New Brunswick Investment in Affordable Housing 2011-2014 Extension Agreement, including $320,000 from the federal government and $750,000 in rent supplements from the provincial government. This comes as a result of the $78 million Investment in Affordable Housing 2014-2019 Extension Agreement between the Government of Canada and New Brunswick.
Additional funding of more than $3.3 million was provided through Canada's Economic Action Plan (2009) - Housing for Low-Income Seniors. This includes $1.12 million in federal funding and more than $2.2 million in rent supplements from the provincial government. The federal and provincial governments contributed equally to an overall investment of $75 million under the amended Canada - New Brunswick Affordable Housing Program Agreement.
Source: http://www.cmhc-schl.gc.ca/