Posted by Moishe Alexander
The Honourable Peter MacKay, Minister of National Defence on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and the Honourable Tom Hedderson, Minister of Transportation and Works and Minister Responsible for Newfoundland Labrador Housing (Housing), today announced $350,000 to support the construction of a new affordable housing development in Lewisporte.
Funding for this project has been made available through Canada’s Economic Action Plan. The Federal and Provincial governments are contributing equally to this overall investment of $58 million under the amended Canada – Newfoundland and Labrador Affordable Housing Program Agreement.
“Through Canada’s Economic Action Plan, our government is taking concrete action to help ensure our economic recovery and create the conditions for long-term growth,” said Minister MacKay. “Funding new construction projects like these projects will not only improve the overall housing conditions, and quality of life of its residents by keeping their homes safe and affordable for years to come, but also help stimulate the local economy and create jobs.”
“We have been making great strides in helping to increase the availability of affordable housing throughout Newfoundland and Labrador,” said Minister Hedderson. “This announcement of 10 new units in Lewisporte is one of dozens of similar affordable housing partnerships that have come to fruition over the past year or will in 2011, each of which will enable low-income seniors and persons with disabilities to live independently and with integrity.”
“I am proud to be part of making these new affordable homes a reality in Lewisporte,” said Clayton Gillingham, of CWG Enterprises Ltd. “This partnership between the federal and provincial governments and our company will help meet the housing needs of our seniors for years to come.”
The project will involve the construction of two three-bedroom, five two-bedroom, two one-bedroom units and one bachelor unit; including one unit for persons with disabilities. The federal/provincial funding includes $315,000 from Housing for Low-Income Seniors as well as $35,000 under Housing for Persons with Disabilities. The proponent will provide the remaining funding to cover the cost of the project. The anticipated completion date for this project is August 2011.
Canada’s Economic Action Plan provides $475 million, over two years, to build new rental housing for low-income seniors and persons with disabilities. Overall, the Economic Action Plan includes $2 billion for new and existing social housing, plus up to $2 billion in loans to municipalities for housing-related infrastructure.
One of the key objectives for the Provincial Government is to stimulate the development of affordable rental housing in the private, public and non-for profit sectors. Provincial priority is on rental housing for seniors, persons with disabilities and those who require supports to live independently in the community.