Six families will now have a place to call home after a partnership between Habitat for Humanity and the provincial government.
New Brunswick officials said Monday a new funding program for affordable homes is part of the NB Housing Strategy: Housing for All.
The program provides a capital investment of $70,000 per unit for up to 10 new homes per year.
“Our Housing for All strategy recognizes the importance of partnerships in addressing the current housing challenges,” said Social Development Minister Jill Green in a news release.
“Habitat for Humanity has a proven track record of success in providing homes to low-to-mid-income families.”
Officials said the homes ready to move to the construction phase are in Fredericton, Saint John, Moncton and Miramichi.
More homes throughout the province are in the planning stages.
“We are proud to be partnering with the provincial government on this exciting initiative that will allow more families much needed access to affordable homeownership,” said Perry Kendall, CEO of Habitat for Humanity New Brunswick.
“The benefits of building a Habitat home are significant.”
Kendall said every dollar invested in a home means four dollars’ worth of benefits return to the community.
Applications are now being accepted for the homes under construction.