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AFFORDABLE SENIORS' HOUSING IN YORKTON

Released on October 15, 2001

There will be more affordable housing for seniors in Yorkton, thanks to an

innovative funding arrangement involving the province, the city and seniors

themselves.



Sod was turned today to mark the official start of construction of Fairview

Arms, a 50-unit seniors' project to be built on 5th Avenue South.



"The province has been working closely with communities over the past

number of years to develop innovative, cost-effective housing solutions,"

Deputy Premier and Agriculture and Food Minister Clay Serby said, on behalf

of Municipal Affairs and Housing Minister Ron Osika. "Fairview Arms is the

latest in a series of projects tailored to address the unique needs of

individual Saskatchewan communities."



Municipal Affairs and Housing is providing $2.25 million for the $5-million

project. The money will be drawn from the provincial Centenary Fund.



The fund was established to help accelerate social housing and a variety of

other important capital projects leading up to the province's centenary in

2005.



The city is providing $500,000 for Fairview Arms, and the future residents

are providing the rest by investing equity from their former homes.



A project with a similar funding arrangement was recently completed in

Saskatoon, and another is underway in Regina. These projects reflect the

province's commitment to ensure adequate, affordable housing for low and

moderate-income seniors.



The Fairview Arms facility will be able to accommodate the delivery of

special services, such as meals, housekeeping, laundry and recreation, at

the discretion of residents. This will translate into more independence

and the ability for an enhanced quality of life.



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For more information, contact:



Maureen Boyle

Municipal Affairs and Housing

Regina

Phone: (306) 787-5959

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