With many in the province struggling to pay rent, the provincial and federal governments are investing $16.6 million in ten affordable housing projects across the province.
New 236 rental units will help hundreds of people and families with more than half of them, with rent at or below 80 per cent of the average price.
“We are in a housing crisis, and we are taking concrete steps to create more supply to help Nova Scotians find safe and affordable housing,” said Brian Comer, Minister responsible for Addictions and Mental Health and MLA for Cape Breton East, on behalf of Municipal Affairs and Housing Minister John Lohr. “Government will continue to work in partnership with the federal government, the private sector and non-profit providers to build more homes like these for Nova Scotians.”
The Province is providing $9.1 million through the improved Affordable Housing Development Program.
The Government of Canada is providing $7.5 million for these projects through the National Housing Co-Investment Fund and the Canada-Nova Scotia Bilateral Agreement under the National Housing Strategy.
The federal and provincial investments include:
— Stephen Jamael Property Rentals Inc, Sydney: $3.8 million for 36 units (2 projects)
— Future Growth Co-op Ltd., Sydney Mines: $3.9 million for 22 units
— Atlantic Edge Properties Inc., Guysborough – $1.35 million for 36 units
— Tata Holdings Inc., Tatamagouche: $1.2 million for 21 units
— Meech Holdings Ltd., Truro: $3 million for 56 units
— Six Point Star Homes Ltd., Amherst: $680,000 for eight units
— Innovare Properties and Developments Ltd., Westville: $1.25 million for 28 units
— S.W.H Construction Ltd.,Shelburne: $350,000 for five units
— Grand Multip Properties Inc., Barrington: $900,000 for 24 units
The average rent for a two-bedroom apartment in Halifax is over now $2 thousand.
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