One proponent plans on building 6 units in Corner Brook and 6 in Irishtown-Summerside.
Government is investing over $80 million to support 91 private and community housing sector projects that will see the construction of approximately 900 new affordable rental housing homes throughout the province. The Minister responsible for the Newfoundland and Labrador Housing Corporation made the announcement yesterday. Successful proponents will own and manage their projects and rent to lower income households at or below rates established by the Newfoundland and Labrador Housing Corporation. These rates will be based on annual rental market reports published by Canada Mortgage and Housing Corporation. In addition to the creation of more than 900 affordable rental homes, selected projects propose the creation of over 240 market rental homes which will further support the longer-term sustainability of the housing developments. One proponent plans on building 6 units in Corner Brook and 6 in Irishtown-Summerside. There are plans for 23 units in Stephenville and 24 in Deer Lake.