A few government dignitaries took part in the inauguration of a residential undertaking in Moncton comprising 56 portions that include 28 portions of economical housing for the elderly and the incapacitated population.
Canada¡¦s Economic Action Plan, the federal government¡¦s initiative to give a boost to the economy and generate new employment opportunities during the world-wide recession, has enabled financing to the extent of $3.37 million for the undertaking. The provincial and federal governments are donating equally to this $75 million total investment as per the amended Canada-New Brunswick Affordable Housing Program Agreement.
Robert Goguen, Member of Parliament for Moncton-Riverview-Dieppe, declared that the Harper government is offering support to people in need in Moncton and in the country. He expressed pleasure that the government¡¦s donation of $ 1,120,000 has gone a long way in providing economical and good quality residences and has helped in the financial welfare of the whole neighborhood.
According to Honorable Sue Stultz, New Brunswick Minister for Social Development and the minister in charge of housing, contributing to residential projects is very vital to re-building New Brunswick. She expressed pleasure in this undertaking, which underlines the government's dedication to improve the lifestyle of the population of New Brunswick, also showing them ways to live within their means.
R.C.L. Developments is a 56-unit construction situated at 257 Robinson in Moncton. Besides the $1.12 million the undertaking received in the form of federal housing financing for the elderly with low earnings and incapacitated persons granted through Canada's Economic Action Plan, it also obtained $2.25 million as rent supplements for the 28 units from the provincial government.