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Quebec  + Senior Housing  | 
Three governments have invested $6.4 million in a seniors housing project in Chelsea, Quebec.

Governments Invest $6.4M in Chelsea Seniors Housing Project

Construction has commenced on a news seniors housing project in Chelsea, Que.

Part of the National Capital Region, Chelsea is located in western Quebec near Gatineau and Ottawa. The federal and Quebec governments and Municipality of Chelsea have invested about $6.4 million in the project.

According to a news release, the Government of Quebec has invested more than $1 million through the Quebec Housing Corporation’s AccèsLogis Québec program. The housing corporation is also securing the operator’s mortgage. The Government of Canada contributed more than $10,000 under the second Canada-Quebec Rapid Housing Initiative Agreement administered by the Canada Mortgage and Housing Corporation.

The local municipality is providing is providing $5.2 million. More than $4.1 million of that money is coming from the province under a tripartite agreement between that the municipality has signed with the provincial government, its housing corporation and its housing and municipal affairs ministry.

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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