Moncton’s Rising Tide could see its first residents this spring

Moncton’s Rising Tide could see its first residents this spring

The Rising Tide Community Initiatives affordable housing project in Moncton is expected to welcome its first residents before the summer. The project is also waiting to see if its application for funding under the federal Rapid Housing Initiative will be accepted. If so, the number of dwellings created over three years could increase from 125 to 160, Rising Tide co-founder Dale Hicks told the Centre.

Want to help build 3,000 homes by 2022?

Want to help build 3,000 homes by 2022?

A silver lining in the dark clouds of Covid-19 is the recognition by Ottawa of the need “to help address urgent housing needs of vulnerable Canadians by rapidly creating new affordable housing units.” To that end, the federal government has set aside $1 billion through the CMHC to create 3,000 housing units within a year, with grants going to municipalities, provinces, territories, Indigenous governing bodies and organizations, non-profit housing organizations and co-ops.