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June 17, 2008
For immediate release

New Affordable Housing Project Approved for Charlottetown

Social Services and Seniors

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Twenty Prince Edward Island families will soon have access to more affordable housing with a new development now underway in Charlottetown.

Today, a sod turning event was held with Minister Doug Currie, Prince Edward Island Department of Social Services and Seniors, J.W. (Bill) Campbell, president of the Kings Square Affordable Housing Corporation and federal officials. The housing project, located at 67-69 Kensington Road in Charlottetown, will provide 20 three-bedroom apartment affordable rental units. Four units will be barrier-free and the apartments will be located within four complexes on the site.

Minister Doug Currie said there is a real need for affordable housing units in the Charlottetown area. “We value our historic partnership with the Government of Canada in supporting affordable housing for Islanders. As we move forward, the housing needs of Islanders are changing and planning is underway to respond to these changes.”

“The Government of Canada is committed to making quality, affordable housing available in Prince Edward Island and across Canada for those who need it most,” said The Honourable Peter MacKay, Minister of National Defence, Minister of the Atlantic Canada Opportunities Agency, and Minister responsible for Prince Edward Island, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Development. “The creation of these units will provide low-income families in Charlottetown with safe, quality housing at an affordable cost which will help them build a better and stronger future.”

Bill Campbell said this project will provide quality and affordable housing as well as raise environmental awareness about renewable energy solutions.

“We value our partnership with the three levels of government, PEI Council of the Disabled and with nature. With this project, the Kings Square group is exploring the need to reduce our ecological footprint and as such we will be using renewable energy technologies including R2000, solar and geothermal.”

The Kings Square Affordable Housing Corporation will receive $488,000 from the Federal PEI Affordable Housing Trust to offset construction costs. The Kings Square Affordable Housing Corporation will assume the balance of funding with a mortgage loan.

The Department of Social Services and Seniors delivers services that touch the lives of nearly every Islander. Staff work with other levels of government and community-based organizations to assist children, youth and families, seniors, persons with disabilities, and those in need of employment supports, financial assistance and affordable housing.

The Kings Square Housing Group, Prince Edward Island’s largest private non-profit housing provider, was responsible for the construction of the Kings Square Housing Co-op and has provided affordable housing to over 100 families for the past 20 years.

Media Contact: Verna Lynne Weeks
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