In a September 2 news release published online by the Canada Mortgage and Housing Corporation (CMHC), federal and provincial officials—including the Honourable Jean-Yves Duclos, New Brunswick Premier Brian Gallant, and Deputy Premier Stephen Horsman—announced the doubling of the province’s funding under the Investment in Affordable Housing initiative.
A total of $56.6 million—$40.2 million from the federal government and $16.4 million from the provincial government—has been granted to improve affordable housing access by the aforementioned in-need sectors.
Portions of the funding will also be used for the repair and refurbishment of aging social housing units, according to officials.
“Our government remains committed to making significant investments in affordable housing, strengthening Canadian communities and helping create jobs and grow the middle class and those fighting hard to join it,” Duclos said. “We are providing better places for families, seniors and individuals to live and grow, and building a strong foundation for a sustainable economic future.”
“By working with the Trudeau government we are getting things done to advance the economy and improve education and health care. This agreement is a great example of how by working together we are improving the quality of life for New Brunswickers,” Gallant stated.
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As part of the 2016 federal budget, a significant tranche of capital has been allotted to support the construction and maintenance of affordable housing in New Brunswick, aimed at addressing the needs of seniors and victims of domestic violence.