Feds announce multi-million tranche for Edmonton housing

Extensive rental housing complex to undergo repair and renovations on its 50th anniversary

Feds announce multi-million tranche for Edmonton housing

A new $12.3 million federal investment will go towards the creation of more housing supply for residents of Edmonton.

The funding will bolster the repair and renovation of 420 rental homes at the Matheson Senior Residence in Edmonton.

The building, which is celebrating its 50th anniversary, offers accessible units designed to foster independent living for seniors aging in place. The federal tranche will help the complex finish repairs to resident’s balconies, install a new fire alarm system, and implement a replacement of the building’s plumbing system.

This investment was made possible by the Government of Canada’s National Housing Co-Investment Fund (NHCF).

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“Seniors already have so much to worry about, whether it is paying bills, filling their prescriptions, or staying safe throughout the pandemic. The last thing they need is to feel unsafe in their own home. [This] announcement is an example of how our government has invested across the housing spectrum to support those who are in the most need of a place to call home. All seniors deserve the opportunity to age in place with dignity,” said Kamal Khera, Minister of Seniors.