Government of Canada To Build Safe and Affordable Housing for Seniors in Hampton
HAMPTON, NB, May 21, 2019 /CNW/ - Every Canadian deserves a safe and affordable place to call home. That is why, in May 2018, the Government launched the National Housing Co-Investment Fund (NHCF), the largest program of its kind in Canadian history.
Today in Hampton, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC), and Alaina Lockhart, Member of Parliament for Fundy Royal, announced a federal government financial commitment of $2.98 million for the construction of the DeMille Place project.
DeMille Place Inc. will be constructing a two-storey, 21-unit, apartment building in the heart of Hampton to provide much needed affordable apartments for seniors in the community. This project is possible thanks to the NHCF, a pillar initiative of the National Housing Strategy (NHS), and to the investments of other partners, notably the Province of New Brunswick, the Town of Hampton, the Diocese of Fredericton, St. Paul's Parish and Hardrock Well Drilling.
Quotes
"Through the National Housing Strategy, our Government is providing assistance to those who need it most here in Hampton and in all corners of the country. We believe that every Canadian should be able to retire in dignity and this is why we are extremely happy to be supporting this first of its kind project. We are also working to improve the lives of seniors by returning the age of eligibility for Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) to 65 and increasing the GIS for single seniors." ?Jean-Yves Duclos, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC)
"I would like to thank the board of directors who share our view that affordable housing for seniors is a priority for healthy ageing and key to maintaining vibrant communities like Hampton. It's exciting to see our Government's National Housing strategy having a positive impact right here in Fundy Royal. DeMille Place will strengthen our community and ensure that local seniors can thrive here at home. Thank you Stephen, Donna, and the DeMille Place team for making this wonderful project happen for the community of Hampton."? Alaina Lockhart, Member of Parliament for Fundy Royal
"For nearly three years our committee, supported by our church St. Paul's, has been working on this dream. To have more affordable, accessible and energy efficient seniors apartments in our community. The National Housing Strategy has enabled us to achieve our goals. We are beyond excited that this will now happen. Thank you so much to all who have supported our vision." ? Stephen MacMackin, Chair of DeMille Place Inc.
Quick Facts
DeMille Place will be over 38% affordable with eight (8) affordable units and 13 market units.
The new building aims to achieve both energy savings and a reduction in greenhouse gas emissions of 25% compared to the NECB 2015.
The entire project will have universal design and five (5) units will be fully accessible.
With a budget of $13.2 billion, NHCF gives priority to projects that help those in greatest need, including women and children fleeing family violence, seniors, Indigenous peoples, people with disabilities, those dealing with mental health and addictions, Veterans and young adults.
Through the NHCF, the Government of Canada will work with partners to build up to 60,000 new affordable homes and repair up to 240,000 existing affordable and community homes over the next 10 years.
Investments are also planned in the NHCF to create or repair at least 4,000 shelter spaces for victims of family violence and create at least 7,000 new affordable housing units for seniors and 2,400 new affordable housing units for people with developmental disabilities.
Under the Investing in Canada plan, the Government of Canada is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada's rural and northern communities.
Associated Links
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, visit our website or follow us on Twitter, YouTube, LinkedIn,Instagram and Facebook.
The global insurance market size is estimated to grow by USD 1.42 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 4.5% during the forecast period. ...
MedMen Enterprises Inc. ("MedMen" or the "Company"), a cannabis company with subsidiaries operating across the United States, today announced that it made an assignment into bankruptcy pursuant to Canada's Bankruptcy and Insolvency Act (the...
Coffee for the Troops returns with its 22nd round of celebrating our troops! This biannual campaign kicks off Saturday, April 27th and runs through Monday, May 27th. During this time, customers at Books-A-Million and 2nd & Charles are invited to...
Chemistree Technology Inc. (US OTC: CHMJF) (the "Company" or "Chemistree"), is pleased to announce that the adjourned extraordinary meeting of the holders of the 10% senior unsecured convertible debentures of the Company (the "Debentures") was...
New York Community Bancorp, Inc. (the "Company") today announced that Wednesday, June 5th, has been established as the new date of its 2024 Annual Meeting of Shareholders....
Intercorp Financial Services Inc. ("IFS" or the "Company") (BVL/NYSE: IFS) announced today the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Annual Report") with the U.S. Securities and Exchange...