N.B. government reveals housing strategy, and rent cap isn’t part of it
A rent bank and direct financial assistance to tenants are among the initiatives in the province’s new housing strategy, but a rent cap is not included.
The N.B. Housing Strategy: Housing for All strategy was released on Thursday in Moncton by Social Development Minister Jill Green.
The strategy “focuses upon preventing residents from becoming unhoused and identifies $500-million over three years in new and previously committed funding by the provincial government,” a news release says.
Green said the strategy is part of the government’s 10-year plan for affordable housing and is based on input from “a wide range of stakeholders.” She said no one suggested a rent cap as the solution to the province’s problems.
Last month, she hosted a one-day housing summit in Saint John to gather ideas.
“We heard about the importance of looking at successful initiatives from other provinces like rent banks, increased funding to non-profit organizations and for more accessible housing, collaboration and co-operation among stakeholders, and about other issues that impact housing development such as labour shortages,” said Green. …[Continue Reading]
Read the full NB Housing Strategy Report, NB Housing Strategy: Housing for All