BELLEVILLE, ON, June 18,
2024 /CNW/ - A safe and reliable place to call
home is the foundation for building a life that people want and
deserve. Today, the federal government, alongside Quinte Senior
Citizens Homes, announced a combined investment of over
$25 million to help expand an
existing retirement home in Belleville.
The expansion of Parkside
Village, located at 193 North Park Street, has added 54
accessible homes. Parkside Village
will now provide a total of 84 homes to seniors.
A breakdown of funding for this project includes:
- $19.9 million from the federal
government through the Affordable Housing Fund
- $5 million in land equity from
the Quinte Senior Citizens Homes
The expansion was completed last winter, and residents started
moving in in February 2024.
Investments like this aim to improve living conditions and
well-being for families and individuals, while ensuring a higher
quality of life for Canadians.
Quotes:
"After a lifetime of service to our country, our seniors deserve
nothing less than a comfortable retirement in their communities. I
am proud that we could support these new homes, and we will keep
supporting projects like this from coast to coast to coast." –
The Honourable Sean Fraser, Minister of Housing, Infrastructure
and Communities
"The Board of Directors of QSCH Parkside Village, are very
pleased and thankful to everyone who have helped in making the new
addition to our building at 193 North Park St. Belleville Ontario a reality! Our NEW
beautiful 54 Unit, Not for Profit Seniors Apartment Complex was
completed in January 2024. As of
June 19, 2024, we are 100% Occupied.
Together with the original Parkside
Village, we now provide 84 units in total. Having an
affordable place to call home, leads to a happier life, and
produces outcomes most take for granted. The ability to spend more
income on nutritious food, more time spent with friends and loved
ones and more access to activities to promote healthy living. We
love our community and the people that live here make it
home!" – Bill Doef,
President of Board of Directors, Quinte Senior Citizens
Homes
Quick facts:
- The Affordable Housing Fund is part of the Government of
Canada's National Housing
Strategy (NHS), an $82+ billion plan to give more Canadians a
place to call home.
- Budget 2024 provided the Affordable Housing Fund with an
additional $1 billion, bringing the
total to $15 billion. As of
March 2024, the federal government
has committed over $8.56 billion to
support the creation of over 34,000 units and the repair of over
164,000 units through the AHF.
- As of March 2024, the federal
government has committed $50.97
billion to support the creation of over 146,000 units and
the repair of over 286,000 units. These measures prioritize those
in greatest need, including seniors, Indigenous Peoples, people
experiencing or at risk of homelessness, and women and children
fleeing violence.
Related links:
- Visit canada.ca/housing for the most requested Government of
Canada housing information.
- As Canada's authority on
housing, CMHC contributes to the stability of the housing market
and financial system, provides support for Canadians in housing
need, and offers unbiased housing research and advice to all levels
of Canadian government, consumers and the housing industry. CMHC's
aim is that everyone in Canada has
a home they can afford and that meets their needs. For more
information, please visit cmhc.ca or follow us on Twitter,
Instagram, YouTube, LinkedIn and Facebook.
- Progress on programs and initiatives are updated quarterly at
www.placetocallhome.ca. The Housing Funding Initiatives Map shows
affordable housing projects that have been developed.
SOURCE Canada Mortgage and Housing Corporation (CMHC)