RUSSELL, MANITOBA, January 13, 2016 — Construction recently began on a new 24-unit seniors’ life-lease housing complex in Russell, which will provide an affordable option for seniors who wish to remain in a familiar community. The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation and the Honourable Mohinder Saran, Minister of Manitoba Housing and Community Development made the announcement today.
Park Manor will be a three-storey property featuring six one-bedroom units and 18 two-bedroom units. All units will be affordable and accessible.
- The estimated capital cost of the project is more than $5.6 million. The governments of Canada and Manitoba will provide more than $1.1 million under the federal-provincial Investment in Affordable Housing (IAH) 2014-2019 extension agreement.
- The project is led by Russell Lions Manor Inc. (RLM), an organization dedicated to providing local, affordable housing options that promote aging in place and the health of seniors in Russell and the surrounding region.
- RLM is expected to be eligible for $288,000 under Manitoba’s Rental Housing Construction Tax Credit upon project completion.
- The new building is designed to be accessible and will meet Manitoba Hydro’s Power Smart New Buildings program designation.
- Construction began in December 2015. The project is expected to be complete in early 2017.
“Congratulations to everyone involved in the development of Park Manor. In the coming weeks and months, we look forward to working with Canadians, housing stakeholders and our partners in provinces, territories and municipalities as we work to restore the government’s role in supporting affordable housing.”
“This new project is more than just an affordable, safe and comfortable place to live. Seniors who are able to stay in a familiar community benefit from remaining close to familiar supports, services and, of course, their loved ones. This connection enriches their lives, their health, and the diversity of the community. I look forward to welcoming the new residents of Park Manor to their home in Russell once this project is complete.”
“The success of this much needed 55+ housing project can be attributed to the partnerships that we have been able to create locally, provincially and federally. It’s exciting to be a part of a project that will benefit our community for many years to come and we are thankful for that opportunity.”
- Canada Mortgage and Housing Corporation has been Canada's authority on housing for 70 years. To find out more about how the Government of Canada and CMHC help Canadians meet their housing needs, call 1-800-668-2642.
- The Manitoba government recently reached its five-year goal to provide funding commitments to create 1,500 new units of affordable housing throughout the province. The province is now working toward its new commitment to create another 500 affordable and 500 social housing units in the next three years. Manitoba Housing and community Development’s overall strategy complements Budget 2015, a plan to create good jobs, grow the economy and protect front-line services by focusing on what matters most to Manitoba families. More information is available at www.gov.mb.ca/housing.
Connect with Manitoba Housing at: www.gov.mb.ca/housing.
Public Affairs Advisor