New Affordable Housing for Seniors in Macleod
Affordable housing funding announcement in Pincher Creek on March 27, 2015.
It was an honour for me to announce last week, on behalf of the Federal Government, that our Government will be joining with the province of Alberta to invest in affordable housing for seniors in Fort Macleod and Pincher Creek.
The joint funding of $7.25 million will support the replacement of the Macleod Pioneer Lodge with a new, 37-unit development, owned by the Willow Creek Foundation.
In Pincher Creek, seniors will have access to modern, affordable housing options thanks to another joint investment of $9.8 million. This funding will allow for the construction of a new, 50-unit lodge that will replace the original Crest View Lodge development, which was built in 1965.
Quick facts on investment in Fort Macleod:
- The Macleod Pioneer Lodge is located at 660-28th Street, Fort Macleod.
- The event was a funding announcement for the replacement of the existing, 35-unit lodge with a new 37-unit development.
- The existing lodge was constructed in 1960 and is owned by the Willow Creek Foundation.
- The Willow Creek Foundation was created in 1995 by agreement of the Municipal District of Willow Creek, the Town of Granum and the Town of Fort Macleod, and was formalized by the Province of Alberta.
- The Foundation is responsible for the existing Macleod Pioneer Lodge, the Chinook Arch Manor in Granum and the Colonel Macleod Manors One and Two in Fort Macleod.
- The Government of Canada and the Government of Alberta are jointly contributing $7,252,000 to the project under the Investments in Affordable Housing Agreement 2014-2019.
Quick facts on the investment in Pincher Creek:
- The Crest View Lodge is located at 978 Hyde Street, Pincher Creek, Alberta.
- The existing 47-unit lodge will be replaced with a new 50-unit lodge.
- The existing facility will be demolished once the new facility is completed.
- It is anticipated construction of the new facility will be completed in late 2017.
- The Government of Canada and the Government of Alberta are jointly contributing $9,800,000 under the Investments in Affordable Housing Agreement 2014-2019.
- Additional funding will be provided by the Pincher Creek Foundation.
Annually, the Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), invests approximately $2 billion in housing. These investments improve the quality of life for low-income Canadians and households living in existing social housing, including individuals who are homeless or at risk of homelessness, seniors, persons with disabilities, recent immigrants and Aboriginal people. Economic Action Plan 2013 continued this commitment with a federal investment of more than $1.25 billion over five years to renew the Investment in Affordable Housing to 2019.
Our Government will also ensure that funds provided to provinces and territories support the use of apprentices, which will support training of skilled labour.
Canadian Mortgage and Housing Cooperation
Employment and Social Development Canada