The federal government and the Province of Nova Scotia have committed to investing $16.6 million toward the creation of 10 new affordable housing projects. When complete, the developments will bring 236 new rental units, half of which will be offered at rents at or below 80 per cent of the local market rent.
The federal government is providing $7.5 million in funding for these projects through the National Housing Co-Investment Fund, a key pillar of the National Housing Strategy, and the Canada – Nova Scotia Bilateral Agreement under the National Housing Strategy. Meanwhile, the Province is providing $9.1 million in funding through the improved Affordable Housing Development Program (AHDP).
“We are in a housing crisis, and we are taking concrete steps to create more supply to help Nova Scotians find safe and safe affordable housing,” said Brian Comer, Mental Health and Addictions Minister and MLA for Cape Breton East Government will continue to work in partnership with the federal government, the private sector and non-profit providers to build more homes like these for Nova Scotians.”
The recently announced federal and provincial investments will support the following affordable housing projects in Nova Scotia:
• Stephen Jamael Property Rentals Inc, Sydney – 36 units (2 projects) — $3.8 million
• Future Growth Co-op Ltd., Sydney Mines – 22 units — $3.9 million
• Atlantic Edge Properties Inc., Guysborough –36 units — $1.35 million
• Tata Holdings Inc., Tatamagouche – 21 units — $1.2 million
• Meech Holdings Ltd., Truro – 56 units — $3 million
• Six Point Star Homes Ltd., Amherst – 8 units — $680,000
• Innovare Properties and Developments Ltd., Westville – 28 units — $1.225 million
• S.W.H Construction Ltd.,Shelburne – 5 units — $350,000
• Grand Multip Properties Inc., Barrington – 24 units — $900,000
“Through investments in affordable housing, our government is providing assistance to those who need it most here in Cape Breton and in all corners of the country. We are committed to making communities stronger through projects like these,” said Jaime Battiste, Parliamentary Secretary to the Minister of Crown-Indigenous Relations and Member of Parliament for Sydney – Victoria. “These investments help create new jobs and stimulate the local economy, while providing access to safe, affordable homes for Nova Scotia’s seniors, families and individuals, including Cape Bretoners.”
The National Housing Co-Investment Fund (NHCF) is a $13.2 billion program under the National Housing Strategy (NHS) that gives priority to projects that help people who need it most, including women and children fleeing family violence, seniors, Indigenous peoples, people with disabilities, those with mental health or addiction issues, veterans, and young adults.
