$10.5M Investment For Moncton Affordable Housing Projects

A joint investment by the federal and provincial governments to create and renovate affordable housing in Greater Moncton.

A release says they will invest more than $10.5 million into four projects targeting individuals facing homelessness, low-income seniors and families.

“The development of affordable housing projects is important for all regions of the province,” said Dorothy Shepard, New Brunswick’s minister of social development.

“We are happy to announce additional investments to help make more affordable housing options available.”

The province says the Community Hub, which provides 20 affordable housing units to single men facing barriers like addiction and homelessness, received $7.1 million in funding.

Downtown City Housing Inc. got $2.4 million, Cornerstone Co-operative Housing Ltd. received just under $800,000 and Dieppe Housing Co-op Ltd. secured just under $200,000.

Ahmed Hussen, Ottawa’s housing and diversity and inclusion minister, said the announcement makes a step forward to delivering “meaningful results” to those living in Moncton and Dieppe.

“Everyone in Canada deserves a safe and affordable place to call home,” he said, noting the federal government’s national housing strategy would ensure “no one is left behind.”

“This is why we are proud to be creating and renovating more than 200 units of affordable housing for those who need it most.”