Communities from Sydney to Yarmouth are receiving stimulus funding to
provide affordable housing and create construction jobs for Nova
A federal-provincial housing partnership will deliver $128 million for the creation, renovation and upgrading of social housing units.
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 about $50 million for about 3,700
units and about $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 today in Halifax.
"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