More Safe, Quality and Affordable Housing Opens in Salisbury

November 7, 2007 -- SALISBURY (NB) -- Rob Moore, M.P. for Fundy Royal, today celebrated the opening of an affordable housing project in Salisbury, New Brunswick. Seniors in Salisbury will have access to more affordable housing with today's official opening. The project was funded under the Canada-New Brunswick Affordable Housing Agreement.

"Our government is delivering on our commitment to create affordable housing in New Brunswick and across the country for those who need it most," said Mr. Moore. "The Salisbury Lions Senior Citizens Complex will give seniors the opportunity to stay in their community close to family and friends while receiving the care and support they need."

The project, called Salisbury Lions Senior Citizens Complex, is located at 79 Horsman Street and was developed by the Salisbury Lions Senior Citizens Complex Inc. The project received a total of $280,000 in federal funding to offset the construction costs as well as $302,365 in rent supplements from the Province of New Brunswick for eight units. The Hon. Wally Stiles, New Brunswick's Minister of Human Resources also attended the opening along with officials from the Salisbury Lions Club.

Recently announced, Phase III of the Agreement will see the investment of another $40 million to create at least 754 new housing units in New Brunswick over the next two years. The Federal Housing Trust Fund contributes $17 million which will be allocated to project promoters as forgivable loans to offset construction costs. The province will provide $23 million in long-term rent supplements to ensure that 580 of the 754 new housing units will be kept affordable.

Phase I and II of the Canada-New Brunswick Affordable Housing Agreement involve investments of over $45 million to create and sustain up to 700 units of rental housing for low-to-moderate income households in New Brunswick.