Funding intended for ongoing low-cost housing project in Antigonish
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Through its Seed Funding Program, the Canada Mortgage and Housing Corporation will be releasing funds to support the next phase of the development of Riverside Estates in Antigonish, Nova Scotia.
Slated for architect fees involved in the construction of additional housing units meant for low-income families as well as persons with disabilities, the $81,095 tranche will be coursed through the Antigonish Affordable Housing Society.
“We are grateful for this funding as it provides us with the ability to prepare for Phase 2 of our affordable housing initiative. Inadequate, affordable housing has been a long standing concern for this community,” Society chairperson Colleen Cameron said.
“We know poor housing is a major determinant of poor physical, social and mental health. Providing affordable, secure housing is going to reduce the physical, mental and economic stress on those living on low incomes. This, in turn, will lead to a healthier community.”
The investment represents the federal government’s commitment to ensuring affordable housing for all Canadians, Minister Responsible for Canada Mortgage and Housing Corporation Jean-Yves Duclos added.
“We are committed to making communities stronger through projects like these. These investments help create new jobs and stimulate the local economy, while providing access to safe, affordable homes for Canadian seniors, families and individuals,” according to Duclos, who also serves as Minister of Families, Children and Social Development.
The CMHC’s Seed Funding program offers non-repayable contributions and interest-free loans to pay for soft costs associated with affordable housing projects nationwide.
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Slated for architect fees involved in the construction of additional housing units meant for low-income families as well as persons with disabilities, the $81,095 tranche will be coursed through the Antigonish Affordable Housing Society.
“We are grateful for this funding as it provides us with the ability to prepare for Phase 2 of our affordable housing initiative. Inadequate, affordable housing has been a long standing concern for this community,” Society chairperson Colleen Cameron said.
“We know poor housing is a major determinant of poor physical, social and mental health. Providing affordable, secure housing is going to reduce the physical, mental and economic stress on those living on low incomes. This, in turn, will lead to a healthier community.”
The investment represents the federal government’s commitment to ensuring affordable housing for all Canadians, Minister Responsible for Canada Mortgage and Housing Corporation Jean-Yves Duclos added.
“We are committed to making communities stronger through projects like these. These investments help create new jobs and stimulate the local economy, while providing access to safe, affordable homes for Canadian seniors, families and individuals,” according to Duclos, who also serves as Minister of Families, Children and Social Development.
The CMHC’s Seed Funding program offers non-repayable contributions and interest-free loans to pay for soft costs associated with affordable housing projects nationwide.
Related stories:
Nova Scotia’s performance belies national real estate sales trends
