Charis Village — a seniors housing development in Lacombe — has finished their first facility and is now taking in residents.
So far, two families have moved into the 46-unit facility and Warren Kay, marketing representative, expects that number to be five by July. The first phase of the facility is independent living suites, which will be followed by a 100-unit supportive living second phase and a 125-unit long-term care third phase
It is such a joy to be able to show people the suites and they have been really impressed with the quality and the spaciousness of the hallways and rooms,” Kay said.
Kay and the board of Charis Village —who represent the not-for-profit organization — expect tenants to start coming to the facility — especially with health regulations being relaxed.
“It has been a factor with some people who are reluctant to come. There are some people who feel like if they sell there house now, it will be sold at a loss — which makes them reluctant,” he said.
Charis Village is a Christian-oriented community, but all tenants over 60 years old are welcome to move into the facilities. Tenants sign on to a life-lease, which Kay said is a way to give people piece of mind.
“What that means is that when you start the lease — you know what you will get back when you leave. We retain a small percentage to refurbish the unit and get it re-leased,” he said.
He added the group has no incentive to turn a profit on the apartments because they would lose their not-for-profit status.
“In time, these will become more affordable because they will stay at cost,” he said.
By the end of summer, Charis Village will have an addition four duplex buildings —currently being constructed by Eagle Builders — which are already full.
When the project does move on to supportive living and long-term care, Kay said there will be seniors housing and other funding models for tenants.
“We are trying to build a place that has piece of mind where people know they can afford this and it will be there throughout the rest of my life,” he said.