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New Brunswick Acts on Housing: Moncton Senior Co-op Secured, Woodstock Mitigations Set

Fredericton’s mayor warns of a decade-long shortfall of 13,395 homes.

Overview

  • The Golden Terraces Seniors Housing Co‑operative in Moncton secured $1.75 million for renovations, with $1.2 million from the province and $550,000 from CMHC, preventing an imminent closure.
  • Planned upgrades include five fully accessible units and 10 semi‑accessible units with aging‑in‑place features, though building managers say additional funding will be needed for full retrofits.
  • Housing Minister David Hickey said the provincial homelessness task force has committed $7.4 million so far and plans Moncton‑focused updates soon.
  • Woodstock and Covered Bridge Potato Chips agreed to install a solid fence up to 2.5 metres, plant trees, and maintain a five‑metre buffer at the Charles Street site, with provincial inspections reporting no violations to date.
  • Fredericton’s latest assessment reports 13,395 additional homes are needed over the next decade, with 2,287 people on the subsidized housing waitlist and about 300 experiencing homelessness.