In the hopes of refining the supply of residential units that cater to the needs of the elderly, two non-profit entities, The Reikai Centers and Options for Homes, aligned with each other and launched a new purpose-built community in downtown Toronto.
Charity Corporation, The Reikai Centres and non-profit developer Options for Homes, publicized their collaboration with the aim of providing more long-term care space for seniors in Canada. The newest Community Hub located on the north-west corner of Front and Cherry Street was in a series of intended developments by the alliance.
“Creative health care synergies are being considered to guarantee residents, the seniors who will be living in the condominiums, can be presented with care and services that permit them to remain in their home,” according to a press announcement from the partnership.
“The residents of the condominiums and the Rekai Centre will profit from the several facilities in this community planned by Waterfront Toronto, including Corktown Commons, transit on its doorstep and the Cooper Koo Family Cherry St YMCA located directly across the street.”
The CEO of Options for Homes, Heather Tremain said that this is the partnerships input to bringing more seniors’ home ownership dreams closer to reality.
“Through this alliance with the Rekai Centers, we are pleased to be adding real value to our City through affordable homes head-to-head to support services that will allow people to age in place,” Tremain said.
There will be unhindered sales of the suites and this will include Options’ traditional down payment support of up to $75,000. Seniors and persons with disabilities will be given the highest priority.
Dr. Eric Hoskins, Minister of Health and Long-Term Care applauded this undertaking.
“Our parents and grandparents merit to live in luxury and safety with access to the right care, at the right time, in the right place. That is why our government is dedicated to redeveloping long-term care beds across Ontario to improve the quality of life for residents,” said Hoskins.
“This new Rekai Centres homes is precisely what we want to see in redeveloped homes. It will be contemporary, comfy, and ready to lodge people with increasingly complex health needs.”
J C Loum