$128 million set aside for affordable housing
Communities from Sydney to Yarmouth will be receiving stimulus fundingto provide affordable housing and create construction jobs.
Communities from Sydney to Yarmouth will be receiving stimulus funding to provide affordable housing and create construction jobs.
A federal-provincial housing partnership worth $128 million has been announced for the creation, renovation and upgrading of social housing units. A little more than half of this is new money, with the rest coming from previous announcements.
About $20 million will be spent on more than 2,000 units in Cape Breton; northern Nova Scotia will receive about $10 million for 1,300 units; central Nova Scotia will get roughly $50 million for about 3,700 units; and approximately $16 million will be invested in more than 1,600 units in the western region.
“This investment in affordable housing is a major part of Nova Scotia’s Building for Growth provincial infrastructure plan, which will inject close to $2 billion into our economy over the next three years,” Premier Rodney MacDonald said in a release.
“The housing stimulus funding is also a major component of the province’s poverty-reduction strategy.”
In total, 400 new housing units will be created and renovations and energy upgrades will be done to more than 1,100 public housing buildings, co-ops and non-profits. The program includes about 8,600 individual social housing units.
The remaining $32 million of the $128 million will go towards continued funding for existing provincial repair programs and affordable housing, made possible through partnerships with private developers and non-profits.