{"id":15101,"date":"2025-01-27T13:43:13","date_gmt":"2025-01-27T18:43:13","guid":{"rendered":"https:\/\/test.buildingonfund.ca\/?p=15101"},"modified":"2026-05-28T10:45:57","modified_gmt":"2026-05-28T14:45:57","slug":"building-ontario-fund-invests-in-four-rural-long-term-care-homes","status":"publish","type":"post","link":"https:\/\/dev.buildingonfund.ca\/fr\/building-ontario-fund-invests-in-four-rural-long-term-care-homes\/","title":{"rendered":"Le Fonds ontarien pour la construction investit dans quatre foyers \nde soins de longue dur\u00e9e dans des collectivit\u00e9s rurales"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15101\" class=\"elementor elementor-15101\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2c4d9cf0 e-flex e-con-boxed e-con e-parent\" data-id=\"2c4d9cf0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-41fb70d4 elementor-widget elementor-widget-text-editor\" data-id=\"41fb70d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\r\n<p>Jan 27, 2025\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\r\n\r\n\r\n\r\n<p><strong>TORONTO &#8211;<\/strong> The Building Ontario Fund has entered into an agreement in principle with Arch Corporation (Arch) to finance four new and redeveloped long-term care homes in rural communities across the province. The homes will be located in Amherstburg, Lancaster, Prescott, and Tay Valley Township.<\/p>\r\n\r\n\r\n\r\n<p>The four long-term care homes were assessed as a group to balance their overall risk and financial profile, enabling the smaller homes, in Lancaster and Prescott, to be feasible to develop. Through this innovative bundling approach, the Building Ontario Fund is once again demonstrating its role as a catalyst in advancing high-priority infrastructure projects that would not otherwise proceed. Consistent with their mandate to invest alongside external capital, the Building Ontario Fund is partnering with a major Canadian financial institution to finance the suite of projects.<\/p>\r\n\r\n\r\n\r\n<p>\u201cThanks to the Building Ontario Fund, Arch was able to secure the financing they needed to transform the future of long-term care for four rural communities,\u201d said Peter Bethlenfalvy, Minister of Finance. \u201cThe new facilities will not only better serve seniors and enable more of them to remain close to their families and friends, but they will also have an impact on the communities beyond the walls of the home themselves.\u201d<\/p>\r\n\r\n\r\n\r\n<p>Collectively, the four long-term care homes will include 576 beds, addressing the growing demand in these communities. Construction is set to begin at all four facilities in the first half of 2025 and be completed by late 2027.<\/p>\r\n\r\n\r\n\r\n<p>&#8220;Securing financing for projects in rural communities presents unique challenges, often due to their smaller scale,\u201d said Michael Fedchyshyn, CEO, Building Ontario Fund. \u201cTaking an innovative approach, as we have done by bundling four Arch properties together, we can bring institutional capital to the table and help advance vital infrastructure projects, like the long-term care homes in Amherstburg, Lancaster, Prescott, and Tay Valley.\u201d<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Quick<\/strong><strong> Facts<\/strong><\/h2>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Through wholly owned subsidiary, Riverdale Living, Arch Corporation operates 11 long-term care homes across Ontario. Since 2016, Riverdale Living has been redeveloping C-class long-term care homes into modern A-class facilities.<\/li>\r\n\r\n\r\n\r\n<li>The Building Ontario Fund agreement in principle with Arch Corporation will result in 276 new and 300 redeveloped beds.\u00a0<\/li>\r\n\r\n\r\n\r\n<li>Amherstburg: The new long-term care home will be significantly larger than the one it is replacing, adding 101 new beds to its current 59 beds, accommodating a total of 160 residents.<\/li>\r\n\r\n\r\n\r\n<li>Lancaster: Arch currently operates the only long-term care home in Lancaster. The new facility will be home to 128 seniors, an increase of 68 beds over the existing one.<\/li>\r\n\r\n\r\n\r\n<li>Prescott: Arch\u2019s development in Prescott will represent the largest investment in the town\u2019s history. The new home will accommodate 128 residents, up by 68 beds from the existing facility.<\/li>\r\n\r\n\r\n\r\n<li>Tay Valley Township: The new long-term care home will increase the number of beds by 39, from 121 to 160.<\/li>\r\n\r\n\r\n\r\n<li>The Building Ontario Fund\u2019s commitment includes a senior secured loan of $133.6 million to fund construction and operational costs across the four homes, subject to customary financial terms and conditions.<\/li>\r\n\r\n\r\n\r\n<li>The four-home bundle is another step toward meeting the Province\u2019s target of a combined 58,000 new and redeveloped beds by 2028.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Quotes<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>\u201cOur government is building Ontario\u2019s long-term care capacity across the province. Thanks to funding from the Building Ontario Fund, these four homes will give 576 residents in rural communities a safe and modern place to call home.\u201d<\/p>\r\n\r\n\r\n\r\n<p class=\"has-text-align-left\"><strong>\u2014<\/strong> <strong><strong>Paul Calandra, Acting Minister of Long-Term Care and Minister of Municipal Affairs and Housing<\/strong><\/strong><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>\u201cThis historic investment in Prescott will ensure that more seniors can remain close to the people and places they know and love. The new care home will provide a modern, supportive environment for residents and help more individuals transition to long-term care while staying connected to their community.\u201d<\/p>\r\n\r\n\r\n\r\n<p class=\"has-text-align-left\"><strong>\u2014 Steve Clark, Government House Leader and Member for Leeds-Grenville &#8211;<\/strong> <strong>Thousand Islands and Rideau Lakes<\/strong><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>\u201cWith this latest investment in Tay Valley, Arch is demonstrating their ongoing commitment to our community.\u00a0 The redevelopment of their existing long-term care home, Perth Community Care, will help meet growing demand for a modern, vibrant environment for seniors as they transition to long-term care.\u201d<\/p>\r\n\r\n\r\n\r\n<p class=\"has-text-align-left\"><strong>\u2014<\/strong> <strong>John Jordan, Parliamentary Assistant to the<\/strong> <strong>Minister of Agriculture, Food and Agribusiness and Member for Lanark\u2013Frontenac<strong>\u2013<\/strong>Kingston<\/strong><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>\u201cArch\u2019s latest investment in Amherstburg is a clear testament to their ongoing commitment to our community\u2019s future. The new facility will offer our seniors a modern, supportive environment, while giving families peace of mind knowing their loved ones are in good hands.&#8221;<\/p>\r\n\r\n\r\n\r\n<p class=\"has-text-align-left\"><strong>\u2014<\/strong> <strong>Anthony Leardi, Member for Essex<\/strong><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>\u201cSeniors are a vital part of our community. This investment will ensure our seniors can live in a modern, state-of-the-art home close to their loved ones, while accessing excellent care.\u201d<\/p>\r\n\r\n\r\n\r\n<p class=\"has-text-align-left\"><strong>\u00a0<strong>\u2014<\/strong><\/strong> <strong>Nolan Quinn, Minister of Colleges and Universities and Member for Stormont\u2013Dundas\u2013South Glengarry <\/strong><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<p>\u201cAs the demand for long-term care continues to grow, we\u2019re proud to be working with the Building Ontario Fund to create much-needed beds for the province\u2019s seniors. The Building Ontario Fund\u2019s partnership and investment will help ensure people across the province can get the care and support they need in modern homes located in the communities they\u2019ve spent their lives in. We\u2019re looking forward to the day when we can open our doors and welcome our residents home.\u201d<\/p>\r\n\r\n\r\n\r\n<p class=\"has-text-align-left\"><strong>\u2014<\/strong> <strong><strong>Dan Argiros,<\/strong> CEO, Arch Corporation<\/strong><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>About the Building Ontario Fund<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>The Building Ontario Fund will facilitate the development of critical infrastructure across the province by providing financing and advisory services to public sector pension plans, other trusted institutional investors, and Indigenous communities. To address the province\u2019s most immediate needs, the Building Ontario Fund is focused on projects within five priority sectors: affordable housing, long-term care, energy, transportation, and municipal and community infrastructure. An arms-length, board-governed Crown agency enabled by the <em>Building Ontario Fund Act, 2024,<\/em> the Building Ontario Fund is helping to build a stronger province for Ontario\u2019s quickly growing population and lay a strong foundation for future generations.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>About Arch<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Arch is a Canadian-based real estate asset manager that invests on behalf of pension plans, institutional investors, and family offices. Through their subsidiary, Riverdale Living, they operate 11 long-term care homes across Ontario.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 20px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>For further information:<\/strong><\/h2>\r\n\r\n\r\n\r\n<p><strong>Building Ontario Fund<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Lynsey Wynberg<\/p>\r\n\r\n\r\n\r\n<p><a href=\"mailto:lynsey.wynberg@buildingonfund.ca\">lynsey.wynberg@buildingonfund.ca<\/a><\/p>\r\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-306f010 e-flex e-con-boxed e-con e-parent\" data-id=\"306f010\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5c83329 e-con-full e-flex e-con e-child\" data-id=\"5c83329\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-69fb607 elementor-widget elementor-widget-html\" data-id=\"69fb607\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"bof-typing-block\">\n  <div class=\"bof-typing-title\">Stay Connected<\/div>\n\n  <div class=\"bof-type\">\n    <span class=\"bof-type__text\">To receive the latest news about Building Ontario Fund<\/span>\n  <\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8fc4bef e-con-full e-flex e-con e-child\" data-id=\"8fc4bef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-77d33a9 elementor-widget elementor-widget-shortcode\" data-id=\"77d33a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><style>\r\n     #myCustomForm {\r\n        max-width: 600px;\r\n        margin: 0 auto;\r\n        padding: 10px;\r\n        display: flex;\r\n        justify-content: center;\r\n        align-items: center;\r\n    }\r\n#myCustomForm input[type=\"email\"] {\r\n    flex-grow: 1;\r\n    padding: 10px;\r\n    margin-right: 10px;\r\n    border: 1px solid #ddd;\r\n    border-radius: 4px;\r\n    box-sizing: border-box;\r\n    height: 50px; \/* Increase height for better alignment *\/\r\n    width: 100%;\r\n    min-width: 250px;\r\n}\r\n\r\n#myCustomForm input[type=\"submit\"] {\r\n    padding: 12px 24px;\r\n    border: 2px solid white;\r\n    border-radius: 4px;\r\n    color: white;\r\n    background-color: #2271B1;\r\n    cursor: pointer;\r\n    font-size: 20px;\r\n    white-space: nowrap;\r\n    height: 50px; \/* Match the email input height *\/\r\n    line-height: normal;\r\n    display: inline-block;\r\n}\r\n\r\n\r\n    #myCustomForm input[type=\"submit\"]:hover {\r\n        background-color: #0056b3;\r\n    }\r\n\r\n    @media (max-width: 600px) {\r\n        #myCustomForm {\r\n            flex-direction: column; \/* Stack items vertically *\/\r\n        }\r\n\r\n        #myCustomForm input[type=\"email\"],\r\n        #myCustomForm input[type=\"submit\"] {\r\n            width: 100%; \/* Full width for both elements *\/\r\n            margin: 5px 0; \/* Margin for spacing *\/\r\n        }\r\n\r\n        #myCustomForm input[type=\"email\"] {\r\n            margin-right: 0; \/* Remove right margin *\/\r\n        }\r\n    }\r\n<\/style>\r\n\r\n<!-- Custom Form HTML -->\r\n<form id=\"myCustomForm\">\r\n    <input type=\"email\" id=\"your-email\" name=\"your-email\" required autocomplete=\"email\" placeholder=\"Your Email Address\" title=\"Your Email Address\">\r\n    <input type=\"submit\" value=\"Subscribe\">\r\n<\/form>\r\n\r\n<script>\r\n\/\/ JavaScript for Custom Form Redirection and Tooltip Localization\r\ndocument.addEventListener('DOMContentLoaded', function() {\r\n    var form = document.getElementById('myCustomForm');\r\n    if (form) {\r\n        \/\/ Configure tooltip based on URL\r\n        var emailInput = document.getElementById('your-email');\r\n        if (window.location.href.includes('\/fr')) {\r\n            emailInput.title = \"Votre adresse e-mail\"; \/\/ Tooltip in French\r\n        } \/\/ No else block needed, as the default tooltip is already in English\r\n\r\n        form.addEventListener('submit', function(event) {\r\n            event.preventDefault();\r\n\r\n            var email = emailInput.value;\r\n\r\n            \/\/ Base URL\r\n          \/\/var baseUrl = 'https:\/\/dev.buildingonfund.ca\/';\r\n           var baseUrl = window.location.origin + '\/';\r\n\r\n            \/\/ Determine the correct newsletter path\r\n            var newsletterPath = window.location.href.includes('\/fr') ? 'fr\/newsletter\/' : 'newsletter\/';\r\n\r\n            \/\/ Construct the full redirect URL\r\n            var redirectUrl = baseUrl + newsletterPath + '?email=' + encodeURIComponent(email);\r\n\r\n            window.location.href = redirectUrl;\r\n        });\r\n    }\r\n});\r\n<\/script>\r\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TORONTO \u2014 Le Fonds ontarien pour la construction a conclu une entente de principe avec Arch Corporation (Arch) pour financer quatre foyers de soins de longue dur\u00e9e, nouveaux et r\u00e9am\u00e9nag\u00e9s, dans des collectivit\u00e9s rurales de la province. Ces foyers seront situ\u00e9s \u00e0 Amherstburg, \u00e0 Lancaster, \u00e0 Prescott et dans le canton de Tay Valley.<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[175],"tags":[],"class_list":["post-15101","post","type-post","status-publish","format-standard","hentry","category-news-release"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/posts\/15101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/comments?post=15101"}],"version-history":[{"count":5,"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/posts\/15101\/revisions"}],"predecessor-version":[{"id":23315,"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/posts\/15101\/revisions\/23315"}],"wp:attachment":[{"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/media?parent=15101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/categories?post=15101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.buildingonfund.ca\/fr\/wp-json\/wp\/v2\/tags?post=15101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}