Sixty-three one-and-two bedroom units will be built to support low-income residents.
New affordable housing is coming to Stony Plain for people 55 and over.
The collaboration between the Alberta government and the Meridian Housing Foundation was announced earlier today. It will bring 63 one-and-two bedroom units to the community to better support people on low-income. Meridian Housing Foundation currently houses over 250 seniors in Parkland County and will manage the new four-storey complex.
“This is a gap issue. We know seniors can get some of the help they need if they’re over 65, but this housing specifically starts at 55 years and older, so we can address that gap in funding. We see a lot of this [lack of funding] in our region. These are the people who built our communities and we don’t want them to fall through the cracks,” said MLA Erin Babcock.
She says her government has been working with Meridian Housing on this project for nearly three-and-a-half years and she’s happy to see it come into fruition.
Project costs sit at $14 million, with the province pitching-in $6 million, and Meridian contributing the remaining $8 million. This comes as part of the province’s Affordable Housing Strategy, which aims to invest $1.2 billion in 4,100 affordable housing units by 2021.
Babcock says more projects are coming, including one in Spruce Grove.
The apartments are expected to be open to tenants in 2020.