The formal inauguration of 62 recently built residences for rent for the aged and the incapacitated was commemorated in Toronto. Federal and provincial governments granted financing of over $7.4 million and the City of Toronto granted finance to an extent of $550,000 for the development of the venture.
The promotion of the cost-effective rentable residences at Deauville Place has opened up about 155 employment opportunities for the people in Ontario besides satisfying the requirements for housing of people and their families in the Don Mills region.
Kathleen Wynne, Ontario Minister of Municipal Affairs and Housing and Member of Provincial Parliament for Don Valley West, states that possessing a safe and cost-effective home is the first initiative for developing a more prosperous future for the people in the province. She expresses eagerness to revisit the lovely Deauville Place project many times, which is a great credit to the Don Valley neighbourhood, in her capacity as MPP and Minister.
City of Toronto Councillor John Parker mentions that the promotion of the 62 rentable residences for the elderly at Deauville Place by Mahogany Management has helped the Toronto economy. It has also made good use of the plot in Flemingdon Park, which had been vacant for long. He hopes that for many years to come the venture will offer self-sufficient living for the elderly through on-site programs and services in combination with elder-friendly attributes such as walk-in showers and other amenities.
Source: https://www.ontario.ca/page/ministry-municipal-affairs-housing