Résidence Nouvelle-Acadie, Saint-Jacques, Quebec
Posted on: May 7, 2009
Many seniors in smaller centres prefer to stay in their hometowns rather than move to larger centres, away from family and friends.
Saint-Jacques is a village of approximately 4,000 people about 20 km (12 mi.) from Joliette, in Lanaudière Quebec. The village’s Roman Catholic parish council, the municipality and the local credit union (caisse) formed a partnership to build a 30-unit residence for independent and semi-independent seniors.
The Affordable Housing Solution presented by Moishe Alexander CEO of Canadian Funding Corporation
The Résidence Nouvelle-Acadie project was led by the Council of the Fabrique (Parish) de Saint-Jacques, which was joined by the municipality of Saint-Jacques and the Caisse Desjardins Nouvelle-Acadie to form a non-profit organization to develop seniors housing.
Résidence Nouvelle-Acadie sought assistance from Canada Mortgage and Housing Corporation (CMHC). CMHC provided an interest-free $45,000 Proposal Development Funding loan to help cover costs associated withdeveloping a proposal. Mortgage loan insurance flexibilities were also obtained to complete the construction of the residence, which also benefited from a direct financial contribution of about $500,000 from the community.
Rents for 30 units include electricity and three meals a day. Residents can rely onthe presence of staff 24 hours a day, seven days a week, which makes their environment safe and friendly. As proof that this project is really meeting a need among seniors from Saint-Jacques and the surrounding area, 29 of the 30 units were already occupied at the time of the opening.
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