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NEWS RELEASE
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For Immediate Release May 10, 2010 |
Ministry of Housing and Social Development
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LAKE VIEW VILLAGE OPENS IN NELSON
NELSON – The Kootenays' newest seniors' lifestyle development, the $13.7-million Lake View Village, located at 1020 - Seventh St. in Nelson, officially opened to provide 90 supportive-housing suites for seniors, including 13 studio suites for low-income seniors.
“We proudly support housing solutions that meet the diverse needs of our seniors, including those on fixed incomes who want to remain independent,” said Bill Bennett, Minister of Community and Rural Development and MLA for Kootenay East. “Lake View Village is an excellent example of how community and government partners are working together to address the needs of Nelson’s seniors.”
Lake View Village adds a much-needed component of affordable rental housing to Nelson’s housing stock.
“Creating housing options for seniors is a vital component of any healthy community,” said Nelson Mayor John Dooley. “Developments such as Lake View Village provide area seniors an affordable housing option allowing them to continue to be an active part of the Nelson community.”
Golden Life Management operates Lake View Village providing hospitality services such as chef-prepared meals, laundry and light housekeeping services, 24-hour emergency monitoring as well as social and recreational opportunities. Columbia Basin Trust has ownership interest in eight seniors’ housing and care communities in the region offering a total of 803 living suites.
“It is an absolute joy to be here today celebrating the official opening of Lake View Village along with our provincial and community partners,” said Endre Lillejord, CEO of Golden Life Management. “This much-needed housing will combine quality support services with engaging social and recreational opportunities designed to help residents enjoy an active and independent lifestyle.”
“There is a growing need for more seniors’ housing options in Nelson and surrounding communities,” said Neil Muth, president and CEO of Columbia Basin Trust. “The addition of Lake View Village to our region will offer both affordable and market rental suites for seniors so they can remain in their community, close to family and friends.”
In 2010-11, the Province will invest over $562 million to provide affordable housing and fight homelessness - more than four times as much as in 2001.
Through Housing Matters BC, the Province is addressing a range of housing needs, from homelessness to affordable rental housing and homeownership. To find out more about affordable housing in B.C., visit www.bchousing.org.
To learn more about Lake View Village and the housing and services it provides, contact Golden Life Management at 250 352-0051 or visit www.goldenlifemanagement.ca.
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Media Contacts:
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Rachel Nelken BC Housing 778 452-2719 604 505-8428 (cell) |
Celeste Mullin Golden Life Management 250 489-0667
Delphi Hoodicoff |
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Columbia Basin Trust 1-800 505-8998 |
For more information on government services or to subscribe to the Province’s news feeds using RSS, visit the Province’s website at www.gov.bc.ca.
BACKGROUNDER
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For Immediate Release May 10, 2010 |
Ministry of Housing and Social Development
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LAKE VIEW VILLAGE
Golden Life Management’s Lake View Village provides 90 supportive housing suites for seniors, including 13 studio suites for low-income seniors.
Partners and Funding:
The capital cost of this development is approximately $13.7 million.
· The Province of British Columbia provided an $855,000 grant to convert 13 of the suites into affordable rental housing for low-income seniors, through the Housing Endowment Fund.
· Golden Life Management provided over $1.7 million in equity towards the project.
· Columbia Basin Trust provided over $1.7 million in equity towards the project.
· Kootenay Savings Credit Union provided almost $9.5 million in mortgage financing.
GOLDEN LIFE MANAGEMENT
Golden Life Management enables seniors of all ages and abilities to live independently with dignity and pride by providing affordable and accessible housing, meaningful amenities and personal services. They offer life lease villas, independent- and assisted-living residences, residential-care suites, home-care services, adult day programs, meals on wheels, and income-supplement programs for low-income seniors. Their partnerships with Interior Health Authority, BC Housing, Columbia Basin Trust and non-profit societies enable hundreds of seniors to access innovative seniors housing, services and resources. For more information, visit www.goldenlifemanagement.ca.
PACE SETTER CONSTRUCTION
Pace Setter Construction was formed to develop and build seniors housing and residential care facilities for Golden Life Management. As Golden Life Management’s development partner, Pace Setter Construction is highly specialized in the construction of seniors’ housing and health campus environments. Through common ownership with Golden Life Management, Pace Setter Construction is in a unique position to identify specific seniors housing requirements, improve upon existing standards and, by seeing first-hand how existing buildings evolve and support the people who live in them, anticipate future needs. Both companies share a similar client-centered approach to business and enjoy solid reputations for delivering quality design, development, construction and operations throughout the Kootenays. For more information, visit http://www.goldenlifemanagement.ca/pace_setter_construction.html.
COLUMBIA BASIN TRUST
Columbia Basin Trust (CBT) supports efforts by the people of the Basin to create a legacy of social, economic, and environmental well-being and to achieve greater self-sufficiency for present and future generations. CBT has ownership interest in eight seniors’ housing and care communities in the region offering a total of 803 living suites. For more information, visit www.cbt.org.
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For more information on government services or to subscribe to the Province’s news feeds using RSS, visit the Province’s website at www.gov.bc.ca.
