CAMBRIDGE, NOVA SCOTIA--(Marketwired - Aug. 17, 2016) - The Honourable Scott Brison, President of the Treasury Board, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, along with the Honourable Stephen McNeil, Premier of Nova Scotia, and the Honourable Joanne Bernard, Minister responsible for Housing Nova Scotia, today announced measures to give Canadians greater access to more affordable housing, including the doubling of current funding under the Investment in Affordable Housing (IAH), supporting affordable housing for seniors, building and renovating shelters and transition houses for victims of family violence, and addressing repairs and improving energy and water efficiency of existing social housing.
Federal Budget 2016 investments in affordable housing will provide targeted support to those who need it most, including in Nova Scotia, and create good jobs that help grow Canada's economy in a clean and sustainable way. The federal and provincial governments will work together to quickly deliver the new funding.
Quotes
"All Canadians need and deserve housing that is safe, adequate and affordable. Through new investments in housing, the Government is helping to strengthen the economy and improve the quality of life for Canadians, providing better places to live and grow." - Scott Brison, President of the Treasury Board and Member of Parliament for Kings--Hants
"Creating opportunities for Nova Scotians to access safe and affordable housing is a major priority for our government. We have made good progress improving access and reducing wait lists and I am pleased to continue that momentum with this expanded partnership agreement with the federal government. I'll be even more pleased when we have details to share on new and expanded programs for people in need across the province." - Stephen McNeil, Premier of Nova Scotia
Quick Facts
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Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC's operations. For more information, please call 1-800-668-2642 or visit www.cmhc.ca or follow CMHC on Twitter, YouTube, LinkedIn and Facebook
Canadians are invited to help shape a National Housing Strategy by joining the conversation on www.LetsTalkHousing.ca. Your ideas will contribute to the future of housing in Canada.
BACKGROUNDER
Investments in Affordable Housing in Canada
Measures over the next two years to give Canadians greater access to more affordable housing include:
(i) Part of this funding may be delivered through Indigenous and Northern Affairs Canada (INAC).
Contact Information: