REALTORS® serving Calgary and area

Aug. 23, 2012 | CREBNow

Affordable Housing For Seniors in Montgomery

Thanks to a $4 million investment, seniors, families and persons with disabilities in Calgary have more affordable housing thanks to the completion of the Victoria Gardens development.

The development was made possible thanks to the investment from the Government of Canada and the Government of Alberta. "Our government is committed to giving a hand up to those who need it most, including here in Alberta," said Diane Ablonczy, Minister of State of Foreign Affairs. "That's why we have invested in the construction of these 34 new units in Calgary to provide safe, affordable home for even more vulnerable seniors."

Victoria Gardens consists is a three-storey, energy efficient development with 18 one and 16 twobedroom units of which four are barrier free.

"Victoria Gardens . . . nestled in the community of Montgomery, is the result of successful collaboration between the public and private sectors," said Riyaz Virani, president of Narisa Developments responsible for the construction of the complex. "The energy efficient building enhances the visual character of the street, contributing to the renewal and revitalization trend taking place in the community of Montgomery."

The federal and provincial governments are contributing equally to an overall investment of $238 million over two years under the amended Canada — Alberta Affordable Housing Program Agreement and through Canada's Economic Action Plan.

Does Calgary have enough affordable housing for seniors? Do you have experience with senior housing in Calgary, what's your story?

Tagged: Calgary Real Estate | Development | Residential | Uncategorized


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