Local Developer Meets a Community Need
Creating affordable housing keeps towns vibrant and helps families stay together in Triton, a rural community of 1,200 residents. That’s the reasoning behind Maple Ridge Court, 10 new affordable rental homes completed in September 2011 by 49.52 North Holdings Ltd.
“I saw projects like this in other towns and decided it was time we built it here,” said Jason Roberts, the developer of Maple Ridge Court.
“We have an older population here and a lot of seniors. Many people have just retired and are downsizing. Triton is a very vibrant town and we want to keep the ball rolling,” Roberts added. “If we can keep mom and dad here, the children are likely to stay.”
Maple Ridge Court received combined federal and provincial funding of $315,000 from the Canada – Newfoundland and Labrador Affordable Housing Program Agreement. In its early stages, the project also received Seed Funding from Canada Mortgage and Housing Corporation for a feasibility study, preliminary drawings and business plan. The governments of Canada and Newfoundland and Labrador also provided joint funding of $35,000 through Canada’s Economic Action Plan under the Housing for Persons with Disabilities initiative.
“I felt that it was a win-win situation to provide these services to these seniors and I have a very good feeling in what we achieved.”