Ottawa to spend $46M on 152 rental homes in Saint John

Ottawa is spending $46 million on 152 rental homes in Saint John.

The federal government announced Wednesday it will provide $46 million to help build 152 rental homes in Saint John, N.B.

The funding is a part of Ottawa’s Build Canada Homes agency, which commits to building affordable and community housing for low-income households.

The province of New Brunswick is also spending $2.1 million, and the City of Saint John is contributing $310,000 towards the rental homes.

“Through investments in rental housing, our government is providing assistance to those who need it most, here in New Brunswick and across the country. We are committed to revitalizing communities through initiatives like this one. These investments are helping to create jobs and stimulate the local economy,” said Gregor Robertson, minister of Housing and Infrastructure.

The 152-unit residential development will be located at 99 King St. in Uptown Saint John.

A total of 32 units in this development will be made available to seniors and people with disabilities as affordable housing.

“This is an exciting day for Saint John. The 99 King Street project represents more than much needed new housing units, it is about bringing people, energy, and vitality back into the heart of our city. King Square has always been an iconic address, and with this investment we are ensuring it remains a premier destination for residents and businesses alike,” said Mayor of Saint John, Donna Noade Reardon.

“By increasing density and creating space for people to live, work, and gather, we are strengthening Uptown Saint John and building a community that will thrive for generations to come.”

-With files from CTV News Atlantic’s Nick Moore

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