DESCRIPTION
BCPI has secured a building permit to construct of a new 3-storey 19-unit apartment. It will be the 3rd apartment BCPI owns and operates in the community. The new apartment will be located on land BCPI purchased from the Government of New Brunswick in 2024. That land is improved with a 2,136 m2 functionally obsolete former senior complex. BCPI has improved the existing building with a 297 m2 student housing complex and a 431 m2 daycare. BCPI will be converting the remaining vacant space in the existing building into 18 grade related apartments.
DETAILS
Affordability Framework
RGI 30%, rent supplement agreement with GNB for 20-year term. May include GNB capital contribution per unit. Market units at MMR for Miramichi region.
Target Completion Date
October 2027
Populations Served
Seniors
Total Project Cost
8500000
Total Units
37
Affordable Units
17
Project Funding
Funding Required
Last Mile
Funds Raised
BCH and Goverment of New Brunswick pending. BCH has accepted proposal and is evaluating.
Use of funds
Last Mile will be used to reduce the amount of repayable funding from all sources.
Human Impact Story
I am very thankful to have been able to receive help through the partnership of Safe Harbour Outreach and Belleterre. With the crazy high inflation and rapidly increasing rent, alongside the housing crisis; I was not expecting it to be easy to find a safe, affordable home for my children and I (and certainly not as fast!) This partnership has provided a smooth transition for my children and I to have a nice spot to settle into and call home after living in a not-so-ideal situation prior to finding Safe Harbour. I hope that there will continue to be funding, so more women and children are able to get back on their feet after suffering from domestic violence. Programs like these offer hope to women for a fresh start, and for that I am truly grateful.
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