Ministerial Statement – Minister Abbott Highlights Affordable Housing Investments

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Ministerial Statement – Minister Abbott Highlights Affordable Housing Investments

by ahnationtalk on May 13, 202255 Views

May 12, 2022

The following statement was read in the House of Assembly today by the Honourable John G. Abbott, Minister of Children, Seniors and Social Development:

Speaker, I rise in this Honourable House today to highlight significant investments, through cost-shared agreements, of approximately $140 million this year to improve housing affordability and prevent homelessness throughout Newfoundland and Labrador.

These investments will support the operation, repair and renovation of our public rental housing, providing affordable homes, as well as heat subsidies for almost 12,000 low-income individuals and families.

Rental assistance programs will also support over 2,000 individuals and families find safe, affordable homes in the private rental market. Over 50 per cent of these clients are seniors. Launched this past November, the new $74 million Canada-Newfoundland and Labrador Housing Benefit will expand portable rental assistance in the private market to an additional 800 households over the next six years.

Our home repair programs will support low-income homeowners throughout the province, most of whom are seniors, by assisting them to complete needed repairs and accessibility modifications to remain in their homes.

Investments will also provide emergency accommodations and supports for those experiencing homelessness or fleeing intimate partner violence.

Recently, we announced a significant cost-shared investment of $20.2 million to support the construction of 132 affordable housing options here in the St. John’s area.

We remain committed to working in partnership with federal, municipal and Indigenous governments, as well as our many community partners throughout the Province to ensure all Newfoundlanders and Labradorians have a place to call home.

Thank you.

NT5

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