Federal government pitches $14 million for housing affordability in New Brunswick – New Brunswick | 24CA News
The federal authorities has invested $14 million into initiatives within the Fredericton area geared toward creating higher housing affordability.
$5 million will fund 25 properties earmarked for Newcomers, Indigenous peoples, Black Canadians, and ladies and youngsters fleeing home violence. Those initiatives will go in direction of the John Howard Society of Fredericton and Mahsus Lane Development – Skigin Elnoog.
Additionally, Ahmed Hussen introduced almost $10 million for initiatives by means of one other stream that may assist models in First Nations communities. These embrace the Oromocto First Nation, St. Mary’s First Nation, Tobique First Nation, Metepenagiag Miꞌkmaq Nation, Eel Ground First Nation, and Elsipogtog First Nation.
During his press convention, the federal minister for housing wouldn’t touch upon whether or not or not the province’s lack of a hire cap has had an influence on housing affordability within the capital metropolis however did say that the federal authorities will proceed to seek out methods to make hire extra inexpensive.
He stated that a part of the issue is a “lack of affordable units.”
“Part of the challenge is not just the rental rate,” Hussen stated on Wednesday.
“There’s people who need support with rent, and there’s people (that rent homes) who would love to own their own home and access home ownership.”
Fredericton Mayor Kate Rogers informed reporters that town has a housing affordability disaster and that she’s hoping that Wednesday’s announcement will go in direction of that.
“It’s not a surprise to anyone in this room that Fredericton is in a housing crisis,” informed Rogers.
“There is an urgency to make sure housing is available to everyone in this city.”
The capital metropolis has one of many highest hire costs within the province, in accordance with the Canadian Mortgage and Housing Corporation, with a emptiness hire close to two per-cent.
The province will kick in $2.28 million value of a 20-year hire complement. Jill Green, the Minister of Housing for New Brunswick, stated that the funding aligns with their housing technique, which is about to be launched in June.
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