4 days ago
Nova Scotia funds new affordable housing project in Yarmouth
Nova Scotia has announced it is building 24 housing units in Yarmouth as part of a project by the Affordable Housing Association of Nova Scotia.
Premier Tim Houston made the announcement on Wednesday, saying, 'We said that we would build more homes faster, and we are doing just that.'
'This project in Yarmouth is the perfect example of what's possible when all levels of government work together with non-profit organizations and developers to ensure every Nova Scotian has a place to call home,' he added.
According to a news release from the province, the two multi-unit buildings will include studio and one- and two-bedroom apartments as well as three-bedroom townhouses. The units will house more than 50 people, with 14 of the units renting between $397 to $1,085. The other units will have market rates of $1,000 to $1,675.
Residents are expected to move in by early 2026.
'It's exciting to watch this build happen because of what it means. It's affordable housing for those in need and adds so much to our community,' said Mayor of Yarmouth Pam Mood. 'Thanks to the Province for funding and our team for putting this together. She's going to be a beauty!'
The province is contributing $2.66 million to the project through the Affordable Housing Development Program and $1.5 million in funding will come from Canada's National Housing Strategy initiatives. Another $3.9 million is from the federal government's Affordable Housing Fund. The Town of Yarmouth donated the land.
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