Brookside Estates to provide province’s first
Newfoundland and Labrador’s first affordable rental-housing
Brookside Estates, is being constructed in Stephenville.
affordable housing project
The 14-unit building will provide seniors in the region with
to much-needed affordable rental housing in the private market. Funding
for this project is being provided under the Canada-Newfoundland and
Affordable Housing Agreement.
Joe Fontana, Minister of Labour and Housing, and Joan Burke,
Minister of Human Resources, Labour and Employment and Minister
for Newfoundland and Labrador Housing Corporation (NLHC), made the
"Brookside Estates demonstrates the Government of Canada’s
with the province, and our commitment to provide more affordable
in Newfoundland and Labrador," Minister Fontana said. "We are pleased
be able to provide safe and affordable housing for seniors in
"This project is an example of inter-governmental and
community partners coming together to address the needs of people
our province," said Minister Burke. "I am particularly pleased with the
support and interest from the private sector to help increase the
rental housing stock throughout Newfoundland and Labrador."
The approved housing development, located on New Mexico Drive
will receive forgivable loan funding of $210,000 from the Affordable
Program to offset construction costs. All of the units will remain
for a minimum of 10 years. The developer is CNB Holdings Limited in
The project, which involves the conversion of an existing
building with an attached commercial property, will provide rental
for independent seniors, and two of the units will be fully accessible.
Construction of the project has begun and is expected to be completed
For further information contact:
Canada Mortgage and Housing Corporation