The Government of New Brunswick tabled its 2024 budget this week, with important commitments to create more affordable housing.
There are over 1,000 households that have a safe and affordable home because they live in a housing co-op. CHF Canada welcomes the new investments outlined in the budget that will support the growth of co-op homes in communities across New Brunswick.
Notably, New Brunswick is making strides to grow the proportion of community housing across the province, by earmarking $2.5 million for pre-construction work related to affordable housing, $2.5 million for development and repair of rental homes, and $20 million to support infrastructure improvements in small communities. These commitments are necessary to help address growing need for affordable housing in rural communities, including through the construction of new co-operative homes for New Brunswickers.
Co-op housing is an at-cost solution, which results in affordability over the long-term and strong communities. With a growing population, New Brunswickers need more affordable, community-oriented housing options; the co-operative housing sector is committed to working with the Government of New Brunswick to realize this vision.
The Government of New Brunswick understands that housing is a priority, which necessitates key investments in affordable housing solutions. Co-op housing can be a solution for New Brunswickers, and is already providing homes for over 1,000 households. It’s time to work together toward our shared vision of healthy, affordable communities.
– Karen Brodeur, Atlantic Regional Manager