MIRAMICHI, NEW BRUNSWICK, November 13, 2017 — The governments of Canada and New Brunswick announced funding for a new affordable rental housing development in Miramichi. Once complete, this development by Prince Place Inc. will provide 24 units of rental housing to singles, seniors and people with disabilities.
Pat Finnigan, Member of Parliament for Miramichi – Grand Lake on behalf of the The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Bill Fraser, Member of the Legislative Assembly for Miramichi on behalf of the Honourable Stephen Horsman, Member of the Legislative Assembly for Fredericton North and provincial Minister of Families and Children, made the announcement today.
“Through investments in affordable housing, our Government is providing assistance to those who need it most here in Miramichi-Grand Lake and in all corners of the country. We are committed to making communities stronger through projects like these.”
“Investments in affordable housing are crucial to moving New Brunswick forward. Projects such as this are key examples of how our governments can work together to improve the quality of life for New Brunswickers.”
- Prince Place Inc. received $480,000 in combined federal and provincial funding through the Investment in Affordable Housing agreement.
- 12 of the 24 units will receive rental supplement assistance from the province of New Brunswick for an approximate value of $1,356,000 over 20 years
As Canada's authority on housing, 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. For more information, please call 1-800-668-2642 or follow us on Twitter, YouTube, LinkedIn and Facebook.
Office of Minister Duclos
Canada Mortgage and Housing Corporation
Department of Social Development
Government of New Brunswick