The Provincial Government today announced funding for 33 new affordable rental housing projects throughout the province at a total cost of $31 million. This funding will support the construction of up to 344 new affordable rental homes.

This funding includes $17 million reallocated from projects that didn’t proceed under the first round of the Affordable Rental Housing Program in 2023. An RFP was issued in Fall 2025 to find new projects for this unused funding. In addition the Provincial Government is adding another $14 million because of keen interest from committed developers, including 13 developers who successfully built homes in the first round.

This second-round of the Affordable Rental Housing Program is geared toward projects that can activate quickly and be completed within the next 18-30 months, recognizing the pressing need for affordable housing in many communities. This focus improves on the first round of the original 2023 program, which fell well short of the 900 homes promised. At this point, approximately 650 homes are anticipated from first round projects at a cost of $65 million.

The Honourable Joedy Wall, Minister of Housing, made the announcement today at the Conception Bay South Town Hall. Minister Wall was joined by the Honourable Barry Petten, Deputy Premier and MHA for Conception Bay South, Riley Balsom, MHA for Carbonear–Trinity–Bay de Verde, and His Worship Darrin Bent, Mayor of CBS. One project in CBS will receive $370,000 to construct five homes in the community. A full list of successful contractors can be found in the backgrounder below.

By increasing the budget for this program and funding projects with near-term completion in this second round, the Provincial Government is demonstrating its continued commitment to the efficient use of public funds while still creating more affordable, safe and suitable housing. This newly-focused program supports the government’s goals of 10,000 new homes over five years, reducing the number of families forced to spend 30 per cent or more on housing and helping to create affordable and independent housing for seniors.

Quotes
“The Affordable Rental Housing Program needed a greater focus on projects that can activate quickly. Our government is allocating additional funds to capitalize on significant interest in this second round, and we look forward to seeing more homes built in communities that can house hundreds of people.”
Honourable Joedy Wall
Minister of Housing

“Our government continues to maintain a focus on thoughtful decision-making and smarter spending. With a refocused Affordable Rental Housing Program, we are putting public money to work for the public, and getting homes built for families and seniors throughout this great province.”
Honourable Barry Petten
Deputy Premier, Minister of Transportation and Infrastructure and MHA for Conception Bay South

“Conception Bay South is pleased to be included in this round of funding under the Affordable Rental Housing Program. There is a growing need for housing, especially safe and affordable housing access. We are hopeful that this is just the beginning of more affordable housing development in our town, and we appreciate the Provincial Government’s investment in our community.”
His Worship Darrin Bent
Mayor of Conception Bay South

“I am pleased to see funding for a project in Carbonear that will house 10 families, and I know this is just the start of our efforts to build housing in the Conception Bay North region. Thank you to Minister Wall and his team for moving this project forward.”
Riley Balsom
MHA for Carbonear – Trinity – Bay de Verde

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BACKGROUNDER

Projects receiving funding through the second-round of the Affordable Rental Housing Program