Hundreds of Homes Going Up Through the Affordable Rental Housing Program

The Provincial Government is today highlighting progress on the construction of hundreds of affordable rental homes throughout the province as a result of the Affordable Rental Housing Program.

Budget 2025 includes $32 million in 2025-26 for the Affordable Rental Housing Program, part of an overall $82 million, three-year investment that will result in the construction of approximately 800 homes.

Currently, 38 projects have received final approval, which will result in the construction of more than 325 affordable rental homes:

• Construction is completed on 33 homes located in three communities.
• Construction is underway on 158 homes around the province.
• An additional 138 units are expected to begin construction in the coming weeks.

Another 34 projects have conditional approval, with these proponents in the process of providing necessary documentation to receive final approval. These projects represent approximately 450 additional affordable rental homes.

Today, the Honourable John G. Abbott, Minister Responsible for Newfoundland and Labrador Housing Corporation, visited the site of a project nearly completed in Pouch Cove. The proponent, 85862 NL Corp., received $725,000 from the Affordable Rental Housing Program to construct 10 affordable rental homes, including one fully accessible unit. Under the agreement with the proponent, these homes will be rented at affordable rates set by Newfoundland and Labrador Housing Corporation for 15 years.

The Provincial Government is addressing current housing needs head on, with investments focused in three key areas:

• Incentivizing and supporting the private and community sectors to build more housing.
• Creating and maintaining public housing.
• Transitional and supportive housing and staffed shelters to help break the cycle of homelessness.

In addition to the Affordable Rental Housing Program, government’s Five Point Plan is providing incentives to advance private and community sector builds, homeowners who wish to add a secondary or basement suite, and first-time homebuyers.

Quote
“As Minister of Housing, it is gratifying to see so many homes going up in our communities thanks to the Affordable Rental Housing Program. Our investments over the last two years are coming to fruition, and 2025 is set to be a big year in housing construction. Our government will continue to work with private and community sector partners to get more people home.”
Honourable John G. Abbott
Minister Responsible for Newfoundland and Labrador Housing Corporation, Minister of Seniors

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njwalsh@nlhc.nl.ca :  www.nlhc.nl.ca