Ti'nu Affordable Housing Officially Opens

Logo: Government of Canada (CNW Group/Canada Mortgage and Housing Corporation)

Logo: Government of Alberta (CNW Group/Canada Mortgage and Housing Corporation)

BANFF, AB, Oct. 17, 2018 /CNW/ - The governments of Canada and Alberta and the Town of Banff are improving lives for families and individuals in Banff and the surrounding communities with the grand opening of the new Ti'nu affordable apartment complex.

One hundred and thirty one new units, including eight barrier-free units, will provide modern, affordable and much-needed housing in a community with a zero percent vacancy rate.

The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with Cam Westhead, MLA for Banff-Cochrane, on behalf Lori Sigurdson, Minister of Seniors and Housing, and Greg Danchuk, Visitor Experience Manager of Banff National Park for Parks Canada, on behalf of the Honourable Catherine McKenna, Minister of Environment and Climate Change and Minister responsible for Parks Canada, joined the Town of Banff at the celebration today.

Quotes:

"Our Government invests in affordable housing projects like Ti'nu to help create jobs and improve the quality of life for families who need it most. This beautiful new affordable apartment complex will help many hard working families and individuals in Banff access safe and affordable housing that meets their needs. This is truly a fantastic community achievement for everyone involved." — Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development

"Everyone should have access to a safe and affordable home. I know there is a critical need for affordable housing in Banff and am proud of our government's investment in this innovative project. I know it will benefit the community for years to come." — Honourable Lori Sigurdson, Minister of Seniors and Housing

"This is a life-changing project for many and was made possible because the Town, the province and the federal government partnered to deliver much-needed affordable housing. It is incredibly rewarding to know the many people, from various stages in life, who now live in Ti'nu, can comfortably stay in Banff and contribute to our community while settled in the place they call home." — Mayor Karen Sorensen, Town of Banff

Quick facts:

• The governments of Canada and Alberta provided a combined investment of $11.9 million for this project, under the Investment in Affordable Housing Agreement.
• The Town of Banff contributed $11.9 million toward this project.
• Parks Canada provided the land to the Town of Banff at a considerable discount.
• Banff has had a zero percent vacancy rate for more than three years.
• The 2013 Banff Housing Needs Study reported that 61 percent of households were paying 30 percent or more of their gross income on housing, while 28 percent were paying 40 percent or more.
• The Banff Housing Corporation, a non-profit organization wholly owned subsidiary of the Town of Banff, will manage the Ti'nu affordable apartment complex.
• The Government of Canada is currently rolling out its National Housing Strategy (NHS)—a 10-year, $40 billion plan that will create 100,000 new housing units and lift 530,000 families out of housing need as well as repair and renew more than 300,000 housing units and reduce chronic homelessness by 50 percent.
• The NHS is built on strong partnerships between federal, provincial and territorial governments, and on continuous engagement with others, including municipalities, Indigenous governments and organizations, and the social and private sectors to make a meaningful difference in the lives of Canadians.

Associated links:

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 all levels of Canadian government, consumers and the housing industry. For more information, please visit cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook.

To find out more about the National Housing Strategy, visit www.placetocallhome.ca.

The Alberta Ministry of Seniors and Housing fosters the development of affordable housing and supports access to housing options for Albertans most in need. The Alberta government is investing $1.2 billion for affordable housing capital needs. To achieve these outcomes, the ministry works with seniors, Albertans who require housing supports, their families and caregivers, communities and other government partners. A more detailed description of the ministry and its programs and initiatives is found at www.seniors-housing.gov.ab.ca.

SOURCE Canada Mortgage and Housing Corporation

Media contacts: Valérie Glazer, Press Secretary, Office of the Minister of Families, Children and Social Development, 819-654-5546, [email protected]; Jennifer Burgess, Press Secretary, Seniors and Housing, 780-289-3253, [email protected]; Leonard Catling, Canada Mortgage and Housing, Corporation, 604-787-1787, [email protected]

Related Links

http://www.cmhc-schl.gc.ca