A housing project designed for vulnerable seniors in Moncton is nearing completion, with new residents expected to start moving in by the end of next month. The development, located at the intersection of St. George Boulevard and Bessborough Avenue in Moncton’s west end, is being transformed from a former office building.
The initiative is a collaboration between the City of Moncton and Rising Tide Community Initiatives Inc., a non-profit organization dedicated to providing affordable housing solutions in the city. The building, previously occupied by Wawanesa Insurance, was acquired by Rising Tide in early 2025.
Government officials at all levels, along with representatives from Rising Tide, recently provided an update on the project during a Friday announcement. The president of Rising Tide, Dale Hicks, highlighted the significance of this endeavor, labeling it as their most extensive project to date.
Upon completion, the complex will offer 30 one-bedroom units, aiming to address the housing needs of seniors on the Housing N.B. waitlist. Additionally, a primary care clinic will be housed on the ground floor of the building, enhancing the accessibility of healthcare services for residents.
Dale Hicks emphasized the integrated approach of linking healthcare, housing, and addressing homelessness within the project. The collaboration between Rising Tide and Housing New Brunswick aims to prioritize seniors with the most urgent housing requirements.
Housing Minister David Hickey underscored the pressing demand for affordable housing in Moncton, noting that over 4,000 individuals are currently on the housing waitlist. The funding for the development, totaling approximately $10 million, is sourced from contributions by the federal, provincial, and municipal governments.
The provincial government’s investment of $2.4 million through the Affordable Rental Housing Program will ensure that the units are priced at or below the average market rate for comparable housing. Additionally, the federal government and the Moncton municipal government have contributed over $6.5 million and $600,000, respectively, towards the project.