DARTMOUTH, NS, Aug. 1, 2024
/CNW/ - Today, the federal government announced more than
$30 million in contributions and
low-cost loans through the Affordable Housing Fund (AHF) to help
build and repair 1,812 affordable homes across Nova Scotia.
The announcement was made by the Honourable Sean Fraser,
Minister of Housing, Infrastructure and Communities, alongside
Darren Fisher, Member of Parliament
for Dartmouth-Cole Harbour.
It took place at 91 True North Crescent in Dartmouth, which received $8.2 million to build 32 new homes and will be
operated by the Affordable Housing Association of Nova Scotia. The project will feature a mix of
one-, two- and three-bedroom townhomes across three buildings. All
buildings are net-zero, energy efficient, and are conveniently
located near lakes, parks, public transport and the local
elementary school.
A detailed list of all the projects that received funding is
provided in an appendix to this release.
Quotes:
Everyone deserves a place to call their own and the Affordable
Housing Fund is one way we're helping make that a reality for
Canadians. We will keep investing in affordable housing projects
like the ones announced today, and working with partners across the
country, to end the housing crisis." – The Honourable Sean
Fraser, Minister of Housing, Infrastructure and
Communities
"We're delivering this funding to build more homes across
Nova Scotia, including right here
in Dartmouth—Cole Harbour. If we want every family to not only live
but thrive in our communities, they need a safe place to call home
that they can afford. This investment will also help repair
affordable homes across the province, ensuring they're safe and
available for folks to live in today and in the future. Today's
announcement is very good news, but we can't slow down – we need to
keep working together to build more homes and strengthen our
communities."- Darren Fisher,
Member of Parliament for Dartmouth—Cole Harbour
"The federal government is dedicated to supporting people with
their housing needs and make life easier for Canadians. Through the
Affordable Housing Fund, our government is investing in affordable
housing across Nova Scotia.
Today's announcement is yet another example on how we and we are
creating real solutions for the affordable housing Canadians
deserve. This is the National Housing Strategy at work." -
Jaime Battiste, Member of
Parliament for Sydney—Victoria
Quick facts:
- The federal funding announced today is helping create a total
of 44 new homes and is leading to the repairs of 1,768 homes.
- The Affordable Housing Fund (AHF) provides funding through
low-interest and/or forgivable loans or contributions to help build
new affordable homes and renovate and repair existing, affordable
and community housing.
- Through the 2023 Fall Economic Statement, the government
announced an additional $1 billion
for the Affordable Housing Fund, bringing the total funding to over
$14 billion. To further support
non-profit, co-operative, and public housing providers and respond
to the needs of those most impacted by the housing crisis, Budget
2024 committed an additional $1
billion to the fund.
- This program under the National Housing Strategy (NHS) gives
priority to projects that help people who need it most, including
women and children fleeing family violence, seniors, Indigenous
peoples, people living with disabilities, those with mental health
or addiction issues, veterans, and young adults.
- As of March 2024, the federal
government has committed $50.97
billion through the NHS to support the creation of over
146,000 units and the repair of over 286,000 units.
- The Frequent Builder framework will help expedite applications
for the Affordable Housing Fund and the Apartment Construction Loan
Program. The Frequent Builder status is given to existing housing
providers with a proven track record of building multi-residential
units. Different criteria apply to Governments, non-profit and
for-profit organizations to qualify for Frequent Builder
status.
- Frequent Builders may receive benefits such as priority
treatment, a streamlined process through intake, underwriting and
approval stages, underwriting and advancing flexibilities, as
well as the possibility of funding commitments for future years
which will allow funding predictability and better planning for
their pipeline of projects.
Additional Information:
- Visit Canada.ca/housing for the most requested Government
of Canada housing
information.
- CMHC contributes to the stability of the housing market and
financial system, provides support for Canadians in housing need,
and offers unbiased housing research and advice to all levels of
Canadian government, consumers and the housing industry. CMHC's aim
is that everyone in Canada has a
home they can afford and that meets their needs. For more
information, follow us
on Twitter, Instagram, YouTube, LinkedIn and Facebook.
- To find out more about the National Housing Strategy, please
visit www.placetocallhome.ca.
Appendix: Projects receiving funding under AHF
Project
Name
|
Region/City
|
Funding
|
Units
|
Bedford Affordable
Housing
Project
|
Bedford
|
1,328,648
|
12
|
Housing Trust of Nova
Scotia
Renewal
|
Halifax
|
2,950,000
|
295
|
Nova Scotia Department
of
Municipal Affairs and Public
Housing Repairs
|
Halifax
|
9,000,000
|
900
|
True North Phase
2
|
Halifax
|
8,284,978
|
32
|
Paqtnkek Mi'kmaw
Nation
Repairs
|
Antigonish
|
$30,000
|
2
|
Paqtnkek Mi'kmaw
Nation
Repairs 2
|
Antigonish
|
$150,000
|
10
|
Bear River First Nation
Repair
|
Bear River
|
$45,000
|
3
|
Repairs & Renos -
Bear River
|
Bear River
|
$286,000
|
22
|
Potlotek First Nation
Repairs
|
Chapel Island
5
|
180,000
|
12
|
Eskasoni
Repairs
|
Eskasoni
3
|
450,000
|
30
|
Glooscap First Nation
Repairs
|
Glooscap 35
|
60,000
|
4
|
Glooscap First Nation
Repairs 2
|
Glooscap 35
|
150,000
|
10
|
Sipekne'katik First
Nation
Repairs
|
Indian Brook
14
|
45,000
|
3
|
Annapolis Valley First
Nation
Repairs
|
Kentville
|
885,000
|
59
|
Membertou
Repair
|
Membertou
|
855,000
|
57
|
Membertou Repairs
2
|
Membertou
|
150,000
|
10
|
Pictou Landing First
Nation
Repairs
|
Pictou
Landing
|
210,000
|
8
|
Pictou Landing First
Nation
Repairs 2
|
Pictou
Landing
|
45,000
|
3
|
Millbrook First Nation
repairs
|
Millbrook
|
4,200,000
|
280
|
We'koqma'q First
Nation
Repairs
|
Whycocomagh
|
60,000
|
4
|
We'koqma'q First
Nation
Repairs 2
|
Whycocomagh
|
840,000
|
56
|
|
Total
|
$30,204,626
|
1,812
|
SOURCE Canada Mortgage and Housing Corporation (CMHC)