NLIS 10
September 28, 2005
(Human Resources, Labour and Employment)
The following is being distributed
at the request of Newfoundland and Labrador Housing Corporation (NLHC):
New affordable housing
project for seniors in Holyrood
Seniors in Holyrood will soon have
access to affordable housing. Construction of a new 10-unit
affordable housing building is being funded under the
Canada-Newfoundland and Labrador Affordable Housing Agreement.
The project was announced today by John Efford, Member of Parliament
for Avalon, on behalf of Joe Fontana, Minister of Labour and
Housing, along with Joan Burke, provincial Minister of Human
Resources, Labour and Employment and Minister Responsible for
Newfoundland and Labrador Housing Corporation (NLHC).
"The Government of Canada is committed to supporting affordable
housing for those Canadians who need it most," said MP Efford.
"These homes in Holyrood, funded partly through Canada Mortgage and
Housing Corporation (CMHC), go a long way to creating access to safe
and affordable housing in our community."
�Affordable housing is fundamental to the health and future of our
communities, which is why we are very pleased to have the support of
the private sector in this project,� said Minister Burke. �Our
private-sector partnerships play such a pivotal role to the success
and continued development of the Affordable Housing Program,
throughout the province. Their commitment to the program helps us
increase housing options for those who need it most.�
Under the Affordable Housing Rental Program, the 10-unit apartment
project will receive $150,000 in federal funding to offset
constructions costs. The project is being developed by Hawco
Construction and Development Ltd. at a total cost of $500,000, and
is located on Salmonier Line in Holyrood.
�The availability of affordable housing is an important issue in our
community,� commented Gus Hawco, president, Hawco Construction and
Development. �As a member of the private sector, I welcome this
opportunity to help address the issue by partnering with the federal
and provincial governments and providing more housing options for
seniors in our area.�
The development will provide one and two-bedroom affordable rental
units for independent seniors. A one-bedroom unit will be completely
accessible, and under the agreement, all the units will remain
affordable for a minimum of 10 years. Construction on the project
has begun and completion is anticipated by early October 2005.
Media contact:
Jenny Bowring
NLHC
(709)724-3055
Todd Selby
CMHC-SCHL
(902) 426-8127
Affordable Housing
Program Agreement Summary
Objectives:
- to increase the supply of
off-reserve affordable housing in Newfoundland and Labrador
- the housing must be affordable
for at least 10 years
Programs:
Funding under this agreement will be used to:
- stimulate the production of new
rental affordable housing and the rehabilitation of severely
deteriorated existing rental affordable housing for low-to
moderate-income households
- create new affordable ownership
housing and to rehabilitate severely deteriorated existing
affordable ownership housing for low-to-moderate income
households in Labrador
Administration:
- the program(s) will be
administered by the Newfoundland and Labrador Housing
Corporation (NLHC)
- NLHC is responsible for the
selection of affordable housing projects
Financial Provisions:
- Maximum CMHC funding under the
agreement is $15.14 million to be matched by the Province of
Newfoundland and Labrador, municipalities and others
- Overall average CMHC funding
will not exceed $25,000 per unit
- $5.0 million in federal funding
is allocated to remote areas (Labrador)
2005 09 28
2:05 p.m. |