New Seniors’ Residence Complex Inaugurated by Non-Profit Collaboration
In the hopes of improving the supply of residential units that cater to the needs of the elderly, two non-profit entities, The Reikai Centers and Options for Homes have partnered 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 have announced 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 planned developments by the alliance.
“Creative health care synergies are being considered to ensure residents, the seniors who will be living in the condominiums, can be offered 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 benefit from the many amenities 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 contribution to bringing more seniors’ home-ownership dreams closer to reality.
“Through this collaboration with the Rekai Centers, we are delighted to be adding real value to our City through affordable homes adjacent to support services that will enable people to age in place,” Tremain said.
There will be unrestricted 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 welcomed this venture.
“Our parents and grandparents deserve to live in comfort and safety with access to the right care, at the right time, in the right place. That’s why our government is committed to redeveloping long-term care beds across Ontario to improve the quality of life for residents,” said Hoskins.
“This new Rekai Centres homes is exactly what we want to see in redeveloped homes: it will be modern, comfortable, and ready to accommodate people with increasingly complex health needs.”
