Preconstruction and Infrastructure Fund to Support Housing
Regional Development Corporation
Overview
Create the conditions to increase the number of housing developments in the province and create more safe and affordable housing for New Brunswickers.
Eligibility
The fund is available to:
● Municipalities, Regional Service Commissions, First Nations and not-for-profit incorporated organizations
Applications will be evaluated against the following eligibility and assessment criteria:
The project benefits
● The proposed project benefits, and their value to the province / region / community. If the project involves for-profit development, the need for government funding must be clearly explained.
The project viability
● The likelihood that the proposed project can be realized / completed as proposed
The project sustainability
● The probability that the project or the intended effects of the project can be maintained once it has been completed
The applicant viability
● The state of the operational and financial stability of the applicant
The applicant capacity
● The management and financial capacity of the client to meet costs associated with the delivery of the project.
Alignment with NB Housing Strategy
● Alignment with the Guiding Principles, Goals and Targets identified in the NB Housing Strategy: Housing for All, included in Appendix A.
● All applications submitted for assessment are subject to regulatory requirements and to the Government of New Brunswick’s Duty to Consult with First Nations policy where applicable.
● The amount of detail and supporting evidence to be provided in an application will be relative to the size, complexity and funding amount requested.
Description
The Preconstruction and Infrastructure Fund to Support Housing has been established to advance housing developments through two specific streams: preconstruction funding, and small community housing infrastructure funding. The purpose of each stream is to help advance housing developments by providing financial support for preconstruction work, and building or enhancing infrastructure to support housing development in small communities, respectively.
All funding applications will be received, assessed, and evaluated by the Regional Development Corporation, in consultation with GNB stakeholder departments through RDC’s sector advice process. The President of the Regional Development Corporation will have authority to approve funding for projects.
Contact Information:
[email protected]
(506) 453-2277