Construction Begins on New Seniors Housing in Cold Lake

COLD LAKE, ALBERTA--(Marketwired - June 30, 2016) - The Governments of Canada and Alberta, along with community partners, are celebrating the ground breaking of a 61-unit lodge for seniors in Cold Lake. The new lodge will replace the existing building and provide more affordable housing options for seniors in the area.

The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honourable Lori Sigurdson, Minister of Seniors and Housing, made the announcement today.

Quick facts:

• The Governments of Canada and Alberta contributed more than $5.7 million to the project though the Investment in Affordable Housing Agreement.
• The Province also contributed some $8.7 million through the Alberta Social Housing Corporation surplus earnings.
• The 61-unit lodge will replace the existing 58-unit building. Residents will enjoy larger rooms, full in-suite washrooms and be protected by modern fire and safety systems.
• The Lakeland Lodge and Housing Foundation is the management body for the Cold Lake Lodge.

Quotes:

"Our Government is committed to helping seniors in Cold Lake and throughout the country. Projects like this one are providing safe, affordable housing to many residents in our community while creating jobs and stimulating our economy."- Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

"Every Albertan deserves a safe and affordable place to call home. I'm proud of our government's commitment to seniors and housing. The new lodge gives Cold Lake and area seniors an opportunity to continue living in the community, close to family, friends and neighbours." - Honourable Lori Sigurdson, Minister of Seniors and Housing

"Lakeland Lodge and Housing Foundation appreciate and are grateful for the direction the Federal Government and Provincial Government are taking with affordable senior housing options in rural communities. The new Cold Lake Lodge building is a modern senior facility that will allow our seniors to age safely and securely in their community. This project will allow our seniors to age in the community they help grow, and a necessary addition to the City of Cold Lake senior population." - Connie Surgeson, Chief Administrative Officer, Lakeland Lodge and Housing Foundation

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• CMHC has been helping Canadians meet their housing needs for more than 70 years. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provide support for Canadians in housing need, and offer unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC operations. For more information, please call 1-800-668-2642 or visit www.cmhc.ca.

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