By Lethbridge Herald on December 12, 2020.
The governments of Alberta and Canada are creating jobs and supporting new seniors housing in Lethbridge.
The federal and provincial governments have announced funding for a new 64-unit development to address the need for affordable seniors housing in Lethbridge.
The mixed-income development will include 32 units with rent set at 20 per cent below market rates and the other 32 at market rental rates. More than 90 jobs will be created.
The estimated total cost for the project is $12.5 million. The Alberta government will work with the City of Lethbridge, housing management body Lethbridge Housing Authority and other contributors to fund the remainder of the project.
Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), Ahmed Hussen, and Seniors and Housing Minister Josephine Pon announced funding for the project.
The governments of Alberta and Canada will provide about $3.4 million, through the Investment in Affordable Housing Agreement.
Lethbridge-East MLA Nathan Neudorf welcomed the announcement.
“I am extremely thankful that Alberta’s government and the Government of Canada are taking leadership in providing mixed-income housing for seniors in Lethbridge. This is an exciting initiative because this is an example of how Alberta’s Recovery Plan is helping those in Lethbridge who need it most. This public-private partnership will fully leverage every available dollar to maximize this project, as well as create new jobs and more units than a conventional approach.”
Lethbridge Mayor Chris Spearman said safe and affordable housing for the city’s senior population is of the utmost importance.
“This partnership is a creative idea and one that will have many benefits to the senior residents of Lethbridge,” said Spearman.
Robin James, CAO, Lethbridge Housing Authority, added the Housing Authority is grateful for the support from the federal and provincial governments with their investment in mixed-market seniors housing in Lethbridge.
“Our new 64-unit cottage-style project will provide seniors with safe, affordable, barrier-free living while addressing social isolation by providing a pet-friendly property with outdoor common space and walking paths. We look forward to beginning this project in early 2021,” said James.