Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Government of Canada

Government of Canada
Government of Manitoba

Government of Manitoba

November 25, 2016 15:00 ET

New Affordable Assisted Living Complex for Seniors Opens in Steinbach

STEINBACH, MANITOBA--(Marketwired - Nov. 25, 2016) - A new affordable, assisted living project for seniors officially opened its doors in Steinbach, expanding the housing options for seniors in the region. Federal Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage Housing Corporation Jean-Yves Duclos, and Manitoba Families Minister Scott Fielding, announced the grand opening of Bridgepark Manor Phase II in the community today.

"Our Government is committed to improving the quality of life for Canadians. Seniors deserve housing that is adequate, affordable and meets their needs. Congratulations to everyone involved in the new Bridgepark Manor and welcome home to the residents," said Minister Duclos.

Governments invested more than $2.3 million from the Investment in Affordable Housing (IAH) extension agreement into this project. This three-storey affordable assisted living life-lease property features 50 units and began accepting tenants earlier this fall.

"Investing in affordable housing options for seniors and families continues to be a priority for our government," said Fielding. "We know this is a foundation communities can build on. It is an honour to help welcome seniors to this new building, and also to recognize the leadership of the community members who have made it possible."

The building includes 21 two-bedroom and 29 one-bedroom units. Residents benefit from enhanced services available on-site, including two meals served daily in a common dining areas, scheduled social and recreational activities, and weekly housekeeping.

The total capital cost of the project was $12.6 million. Land and equity contributions were provided by Bridgepark Manor Inc. (BMI), the City of Steinbach and tenant equity.

"It is great to see the next phase of Bridgepark Manor opening," said City of Steinbach mayor Chris Goertzen. "This facility provides a vital housing option for seniors that allows them to remain in Steinbach, close to loved ones and with access to essential supports and services."

Base rents will be set to Manitoba Housing's current affordable housing rates for Steinbach. The property will be managed by BMI, a community-based non-profit organization.

"There is tremendous need for seniors' housing in southern Manitoba and we are honoured to be involved in meeting it," said Sieg Hiebert, chief executive officer of BMI. "Bridgepark Manor is committed to an overall strategy to build safe, affordable housing that supports and enhances independent and healthy living for seniors."

Bridgepark Manor Phase II was built as a direct addition to the existing 52-unit Bridgepark Manor, which was completed in 2012. Common areas will be shared by residents in both buildings. The new development is expected to create cost savings and efficiencies in the operations of both buildings.

Minister Fielding noted the property is also eligible for up to $600,000 under Manitoba's Rental Housing Construction Tax Credit.

The Canada and Manitoba governments recently announced an expanded commitment to the IAH agreement, representing more than $89 million over the next two years. The new funding is in addition to approximately $166 million in joint eight-year funding to help create more affordable housing options in Manitoba.

Canada Mortgage and Housing Corporation (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, provides support for Canadians in housing need, and offers 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's operations. For more information, please call 1-800-668-2642 or visit cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook.

For more information about housing programs in Manitoba, visit www.gov.mb.ca/housing.

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