SAINT-BASILE, NB , March 20, 2025 /CNW/ - The Government of Canada provided funding of over $1.7 million to repair 35 homes in Saint-Basile, for independent seniors.
The Résidences Sénateur Edgar E. Fournier, located at 10 Jos Soucy Street, completed their repairs in late 2021 and provides housing to independent seniors through affordable rents and flexible accessibility throughout the building. The repairs were designed to ensure the building operates efficiently for many years to come, while also extending its overall lifespan.
The AHF provides funding through low-interest and/or forgivable loans or contributions to partner organizations for new affordable housing and the renovation and repair of existing, affordable and community housing. This is a $14.6 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 living with disabilities, those with mental health or addiction issues, veterans, and young adults.
Funding for this project includes:
- $1,734,865 from the federal government through the Affordable Housing Fund
Quotes:
"Seniors deserve an affordable place to call home and to age in place in their own community. Today's investment in saint-Basile is bringing just that for our seniors. This is how we're helping seniors in New Brunswick and across Canada age in safe, affordable, and dignified housing." – René Arseneault, Member of Parliament for Madawaska—Restigouche
Quick facts:
- The Affordable Housing Fund is part of Canada's National Housing Strategy (NHS). NHS is an $115+ billion plan to give more Canadians a place to call home. Progress on programs and initiatives are updated quarterly at www.placetocallhome.ca. The Housing Funding Initiatives Map shows affordable housing projects that have been developed.
- The Affordable Housing Fund (AHF) provides funding through low-interest and/or forgivable loans or contributions to help build new affordable housing and renovate and repair existing, affordable and community housing.
- Through the 2023 Fall Economic Statement, the government announced an additional $1 billion for the Affordable Housing Fund, bringing the total funding to over $14 billion. To further support non-profit, co-operative, and public housing providers and respond to the needs of those most impacted by the housing crisis, Budget 2024 committed an additional $1 billion to the fund.
- This program under the National Housing Strategy (NHS) gives priority to projects that help people who need it most, including women and children fleeing family violence, seniors, Indigenous peoples, people living with disabilities, those with mental health or addiction issues, veterans, and young adults.
- As of March 2024, the federal government has committed $50.97 billion to support the creation of over 146,000 units and the repair of over 286,000 units.
Related links:
- Visit Canada.ca/housing for the most requested Government of Canada housing information.
- 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. CMHC's aim is that everyone in Canada has a home they can afford and that meets their needs. For more information, follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.
- To find out more about the National Housing Strategy, please visit www.placetocallhome.ca.
SOURCE Canada Mortgage and Housing Corporation (CMHC)
For more information on this news release contact: Sofia Ouslis, Office of the Minister of Housing, Infrastructure and Communities, [email protected]; Media Relations, Canada Mortgage and Housing Corporation, [email protected]
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