Calgary: A federal investment of up to $12.5 million for a 120-unit development for seniors in Calgary has been announced by hmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC).
The development is comprised of two buildings; Templemont Care Centre, a 70-unit affordable designated supportive living units for seniors and other individuals with specialized housing needs, as well as Templemont Place, a 50-unit affordable housing complex for seniors with low-incomes.
Templemont Care Centre and Templemont Place are located at 9 Templemont Circle in Calgary.
They are being developed and operated by Trinity Place Foundation of Alberta (TPFA). The Trinity Place Foundation of Alberta is a long-standing and reputable not-for-profit organization and designated Housing Management Body for the Province of Alberta.
The two buildings are being built concurrently and will be linked by foundation and an underground parking garage.
This Government of Canada support is provided through the National Housing Co Investment Fund, a flagship initiative of the National Housing Strategy (NHS).
Through the Housing Incentive Program (HIP), the City of Calgary provided a total of $354,000 to this project through predevelopment grants and development fee rebates.
Part of the City’s commitment to enabling nonmarket housing providers to create new homes, HIP provides early-stage support for affordable housing projects and offsets the costs of municipal permits and fees.
Overall, the project aligns strongly with NHCF priorities and objectives, including the following:
• Barrier free design and 70%+ unit accessibility.
• A building design that has been modeled to achieve a 28.4% reduction in operating energy consumption and 41.9% greenhouse gas (GHG) emissions reduction.
• Affordable rental rates with all units to be leased below 77% of the area’s Median Market Rent (MMR).