Centron Residential Corporation announces release of lots and multi-family units for much needed housing in Fort McMurray

    Lots now available to both qualified residents and builders

    FORT MCMURRAY, AB, April 12 /CNW/ - Centron Residential Corporation
announced they will be making 466 lots available to residents and builders in
Fort McMurray. A lot draw will be held on May 14 for 28 lots for the public
and expressions of interest from builders are being sought. As well the first
105 Multi-Family Units (The Peaks) will be available by draw to be held on
May 14.
    "We have been working hard to ensure this project moves ahead on time and
on schedule and are very excited to be holding our first lot draw on May 14.
We are also looking forward to working with interested builders to build homes
for residents in Fort McMurray," said Guy Buchanan, President.
    The existing agreement between the Government of Alberta and Centron
Residential Corporation was recently amended to allow builders to enter into
agreements directly with Centron Residential Corporation. This change to the
original agreement was made to ensure the affordability and timely
construction of housing for local residents. The needs of both residents and
builders are reflected in the amending agreement, including lots targeted to
income level.
    There have also been safeguards put in place to provide stability in the
real estate marketplace in Fort McMurray.
    Centron Residential Corporation continues to meet all timelines and
requirements specified by the province to build much needed housing in Fort
McMurray, including:

    -  a strict development schedule,
    -  donating serviced land to the Wood Buffalo Housing Development
       Corporation to develop 300 affordable housing units for low-income
       individuals and families,
    -  the construction of a $3 million community centre, and
    -  selling lots and multi-family housing at a fixed mark up to ensure
       that all savings in this process are passed on to consumers.

    Detailed information on Eagle Ridge is available at

For further information:

For further information: Media enquiries may be directed to: Jeff
Kovitz, Centron Residential Corporation, (403) 471-3070

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