Temiskaming Shores will soon see 68 new homes built for seniors.
Today, Parliamentary Secretary MP Adam Vaughan alongside Anthony Rota, MPP for Nipissing–Temiskaming, Carman Kidd, Mayor of Temiskaming Shores and president and chairman of the Temiskaming Shores Seniors' Housing Corporation, and Jeff Laferriere, deputy mayor of Temiskaming Shores, announced $13.6 million in federal funding for the Temiskaming Shores Seniors Centre.
The 68 new homes will allow seniors in the community to live more independently according to a news release.
This funding is being delivered through CMHC's National Housing Co-Investment Fund, which supports new construction and repairs of mixed-income and mixed-use affordable housing.
"Seniors already have so much to worry about, whether it is paying bills, filling their prescriptions, and staying safe during the pandemic. Today's announcement is a crucial step toward ensuring that Canadians from all walks of life have access to safe and affordable housing," said Vaughan.
"If we want to end chronic homelessness and alleviate core housing need, we need to invest in affordable housing in every corner of this country. It is the result of this mindset that we have supported the Temiskaming Shores Seniors Centre, and now 68 new homes for seniors to help them live in dignity, have been built right here in Temiskaming Shores," added Rota.
"The mission of the Temiskaming Shores Seniors' Housing Corporation is to provide safe, secure, well-appointed homes for seniors, including affordable units for low-income seniors," said Mayor Kidd. "Through collaboration with our funding partners and a tenant-focused approach, we help foster a caring community and a friendly neighbourhood where seniors can thrive.
"Seniors are such a vital part of our Community and it is wonderful to see the Federal Government make such a huge investment in our community to support our seniors and bring the vision of the Temiskaming Shores Seniors Housing Corporation come to life," concluded Laferriere.
Over $860,000 of the total loan under the NHCF will be forgivable.
Twenty-one units in this project are affordable, at or below 80 per cent of median market rent and will be maintained for a period of 20 years.
