$74.4 Million Housing Investment In Newfoundland And Labrador


St. John’s, Newfoundland And Labrador: An 8-year, $74.4 million investment in the Canada – Newfoundland and Labrador Housing Benefit (CANL HB) to support over 2,600 households across the province has been announced.

The Government of Canada partnered with the Government of Newfoundland and Labrador and the funding announcement was made byAhmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), Seamus O’Regan Minister of Natural Resources and Member of Parliament for St. John’s South-Mount Pearl, and the John Abbott, Minister Responsible for the Newfoundland and Labrador Housing Corporation, announced The Canada Housing Benefit is a National Housing Strategy program funded by the Government of Canada and cost-matched by Newfoundland and Labrador.

Hussen said: “Today, we are taking another significant step toward our goal of building strong communities where the people of Newfoundland and Labrador continue to prosper and thrive, now and for generations to come.”

Seamus O’Regans aid: “Everyone deserves a safe place to call home. “This $74.4 million dollar investment will provide housing stability, combat homelessness and support those who need it most. This will improve the quality of life for people in our Province and give everyone an equal chance at success.”

John Abbott added: “Through this partnership, which comes into effect in September 2021, we will provide access to safe, adequate, and affordable housing to over 2,600 low-income households over the next seven years. Working together with our federal partners, these investments will help to provide housing for many individuals and families — a place to call home — which is essential to their social, financial and physical well-being. Together we are making a real difference in lives of Newfoundlanders and Labradorians.”

• The total combined funding (CMHC funding and cost-matching) under the bilateral agreement with Newfoundland and Labrador, which includes the Canada Housing Benefit, is more than $345 million.

What do you think about this article, let us know?