FREDERICTON - Raymond Louie, president of the Federation of Canadian Municipalities, released the following statement on the Liberal Party of Canada's announcement today on housing investments.

"The commitments announced today by the Liberal Party of Canada are a positive step forward on an issue that is critical to the quality of life of Canadians. The proposed investments in affordable housing will help ease the growing housing crunch municipalities face as federal housing agreements continue to expire. The promised tax incentives will help kick-start the development of more rental housing which is key to creating dynamic, livable communities. These are long-term challenges that require long-term dedicated solutions. We look forward to working on the details to ensure the investments announced today will allow municipalities to plan into the future".

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