The province plans to invest $6.4 million to build roughly 200 new affordable homes.
A news release says the units will rent for at least 20 per cent below market value.
Halifax will see 38 affordable apartments in a 100-unit development by Art House Lofts, Sidewalk Real Estate Development.
It’s estimated a one-bedroom will rent for $1,016. The vacancy rate in the Halifax area is 1 per cent.
The province has also issued a call for a partnership for an affordable housing project to be built on provincial land on Circassion Drive in Cole Harbour.
A news release says up to 15 units could be constructed there.
“We’ll be announcing more affordable housing projects in the coming months in communities across Nova Scotia and making provincial land available for affordable housing developments,” Education Minister Brian Wong says in a news release. “The need for more housing supply is urgent. Nova Scotians need us to act quickly, and we are.”
The remaining rental units will be built in Kentville and Lantz.
All projects will be mixed-income and located on municipally serviced lots with transit access.
Meantime, the provincial government has also announced over $400,000 to help five community groups working to increase affordable housing:
— Co-operative Housing Federation of Canada
— Portal Youth Outreach Association, Annapolis Valley
— Transition House Association of Nova Scotia
— Upper Hammonds Plains Community Land Trust
— Urban Neighborhood Development Association
Shelter Nova Scotia will receive about $84,000 for upgrades at Metro Turning Point and Barry House in Halifax.
