Sunday, January 28, 2007

$110 per affordable unit for seniors

Love the affordability factor and with public money - was there a tender?
Osprey Media. - Brantford Expositor: "Contract let for John Noble Home project

By Michael-Alan Marion
Local News - Saturday, January 27, 2007 Updated @ 10:41:37 PM

It’s full speed ahead for a $3-million affordable housing project at John Noble Home.

Meanwhile, the long-term care home’s administration is already gearing up for another $2-million project to upgrade a wing to new provincial standards.

Council has awarded a tender of nearly $2.4 million to Brouwer Construction (1981) Ltd. of St. Catharines to convert an old wing of the Mount Pleasant Street facility for 28 affordable apartment units for seniors.

The units would be rented by spouses of patients in long-term care in the home, so they can be close to their loved ones.

Included in the project are upgrades to certain associated rooms.

The total project cost is nearly $3.1 million, including renovations in associated areas of the building. The city's share is $2.2 million, Brant County’s is $862,000.

About $1.2 million in bequests and funding from government programs has been raised for the project.
The rest of the cost will be financed by a joint debenture of about $2 million to be taken out by the city and Brant County. The city’s share is $1.55 million, with the county backing the rest.

The debenture will be repaid by future rents in the operating budget.

“It’s great news that it’s through,” Coun. Jennifer Kinneman, chairwoman of John Noble’s board of management said Friday. “They’ll be able to move along now.”

Kinneman said she was heartened that council saw fit to approv"

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