Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Government of Canada

Government of Canada
Canada's Economic Action Plan

Canada's Economic Action Plan
Government of Alberta

Government of Alberta
Alpha & Anderson Joint Venture

Alpha & Anderson Joint Venture

August 29, 2012 13:00 ET

Joint Government Funding Increases Affordable Housing in Beaumont

BEAUMONT, ALBERTA--(Marketwire - Aug. 29, 2012) - Seniors, families and persons with disabilities in Beaumont have more affordable housing options thanks to investments of more than $5.6 million at Montrose Manor through the Government of Canada and the Government of Alberta.

Today, Montrose Manor is celebrating its official opening. This new affordable housing development in Beaumont contains 66 units, of which 10 are barrier-free. These one, two, and three-bedroom units help accommodate seniors, families, people with disabilities and those at risk of homelessness.

"Our Government is dedicated to giving a hand-up to those in need, which is why we are proud to have invested in this project in Beaumont," said Mike Lake, Parliamentary Secretary to the Minister of Industry and Member of Parliament for Edmonton-Mill Woods-Beaumont, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC). "These 66 new units are more than just safe and affordable places to live. They are the key to a better life for the residents that will call them home."

"A strong economy and rapid population growth is challenging all governments to ensure access to affordable housing especially high-need households," said Alberta Municipal Affairs Minister Doug Griffiths. "We believe investing and developing innovative solutions to housing challenges is important because a home is both an economic and social issue."

"Montrose Manor offers a total of 66 rental suites for individuals and families of all ages" said James Kazoleas, Principal, Alpha & Anderson Joint Venture. "This new project will truly make a difference for the people of Beaumont and surrounding area by providing beautiful new rental suites at affordable prices."

The federal and provincial governments are contributing equally to an overall investment of $190 million, over two years, under the amended Canada-Alberta Affordable Housing Program Agreement and through Canada's Economic Action Plan.

Non-profit organizations, private businesses and municipalities were eligible to apply for funding through Alberta's Affordable Housing Request for Proposals which leveraged government funding with private-sector dollars. Successful applicants received funding to purchase or build affordable housing units, renovate existing rental units, develop secondary units in private homes or support other options as identified by the community.

The Government of Canada, through CMHC, will invest more than $2 billion in housing this year. Of this amount, $1.7 billion will be spent in support of almost 605,000 households living in existing social housing. In Alberta, this represents some 38,400 households. These investments are improving the quality of life for low-income Canadians and households living in existing social housing, including individuals who are homeless or at-risk of homelessness, seniors, persons with disabilities, recent immigrants and Aboriginal people.

Through partnership with federal and municipal governments, community groups, the non-profit and private sectors, Alberta has made great strides to increase the supply of affordable housing across the province. Since 2003, the Government of Alberta has supported the development of 16,000 affordable housing units for homeless and lower-income Albertans through capital grant funding in 62 communities. For more information on Alberta's housing support, visit www.housing.alberta.ca.

Since 2007 Alpha & Anderson Joint Venture specializes in the development and operation of residential and multi-family apartment buildings. They provide low-medium income working families and individuals, seniors and persons with disabilities with more than just shelter; the purpose is to provide an opportunity to live and enjoy a good quality of life.

To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc.ca.

Contact Information

  • Charles Daniel Mainville
    Communications
    CMHC
    403-515-2915
    cdmainvi@cmhc.ca

    Marian Ngo
    Office of Minister Finley
    819-994-2482

    Jerry Ward
    Communications
    Municipal Affairs
    780-427-8862
    jerry.ward@gov.ab.ca