Alberta, CMHC Investing $54M to Build 17 Affordable Housing Projects

On Thursday, the Government of Canada and the Government of Alberta jointly announced $54M in funding towards 17 affordable housing projects around Alberta, part of the federal government's National Housing Strategy and the province's Affordable Housing Partnership Program.

Almost exactly three years ago to the day, on March 8, 2019, the two governments signed a Canada-Alberta National Housing Strategy Bilateral Agreement that would see a total of $678M invested towards protecting, renewing, and expanding social and affordable housing in Alberta over the next 10 years.

This past December, the Government of Alberta then announced the creation of its Affordable Housing Partnership Program, which will provide funding to public, non-profit, or private-sector housing providers who undertake affordable housing projects.

On Thursday, the Government of Canada announced that it would be providing $27M through the Canada-Alberta Bilateral Agreement and towards funding the Affordable Housing Partnership Program. The Program is cost-matched through the Agreement, meaning the the Province will provide the remaining $27M.

The $54M will go towards 17 affordable housing projects in Calgary, Edmonton, and other regions of Alberta, which the government estimates will create over 600 units of affordable housing. Those 17 projects are:

Affordable Housing Projects: Calgary Region

$11.5M to Horizon Housing Society to build family and community housing in Calgary;

$4M to Rocky View Foundation to build seniors apartments in Airdrie;

$3.9M to the Calgary Drop In and Rehab Centre to renovate and modernize units for vulnerable Calgarians;

$3.3M to Sarcee Meadows Housing Co-operative Ltd. to retrofit and build new seniors housing in Calgary;

$1.5M to the City of Calgary to build family and community housing in Calgary;

$1.4M to Airdrie Housing Limited to build affordable housing in Airdrie;

$680,000 to Silvera for Seniors to build seniors apartments in Calgary; and

$227,000 to Westwinds Communities to build family and community housing in Okotoks.

Affordable Housing Projects: Edmonton Region

$14.7M to Meridian Housing Foundation to build seniors units in Spruce Grove;

$3M to Catholic Social Services to build housing for women, children and newcomer families in Edmonton;

$2.3M to the City of Edmonton to build supportive housing for women and children fleeing family violence in Edmonton;

$2M to the Leduc Regional Housing Foundation to build family and community housing in Leduc;

$900,000 to Right at Home Housing Society to build housing for persons with disabilities, women and children in Edmonton; and

$400,000 to Right at Home Housing Society to build housing for newcomer families, and for women, children in Edmonton.

Affordable Housing Projects: Other Regions

$2M to Stepping Stones Crisis Society to build housing for women fleeing violence in Cold Lake;

$1.2M to Heart River Housing to build seniors apartments in Falher; and

$595,000 to Green Acres Foundation to build seniors apartments in Lethbridge.

"Access to housing is a human right and is essential to one's sense of dignity, safety and inclusion," said Randy Boissonnault, Minister of Tourism, Associate Minister of Finance, and MP for Edmonton Centre. "Through this collaboration with the Government of Alberta, the federal government is taking concrete steps to help ensure that the most vulnerable people living in Alberta have safe and affordable housing that allows them to thrive."

READ: Calgary Is Becoming Less Affordable For Both Renters and Homeowners

"Everyone deserves a safe and affordable place to call home," added Minister of Housing, Diversity, and Inclusion Ahmed Hussen. "By working closely with partners, we are creating more than 600 units of affordable housing for those who need it most throughout Alberta. Today's announcement is a step forward in our ongoing efforts to deliver meaningful results and increased affordability for Canadians."

Alberta's Affordable Housing Partnership Program is part of the Province's Stronger Foundations affordable housing strategy. Applications for the first round of funding closed on January 11, but will re-open once more this spring.

Affordable Housing

Alberta, CMHC Investing $54M to Build 17 Affordable Housing Projects

The funding for the affordable housing projects comes via the Bilateral Agreement signed between the Canadian and Alberta government in 2019.

Affordable Housing Projects: Calgary Region

Affordable Housing Projects: Edmonton Region

Affordable Housing Projects: Other Regions

Trending

You may also like

Elysium Investments deviates from the hyper-competitive, “dog-eat-dog” nature of new development in favour of a strategy called “collective serendipity,” where sellers are treated like joint-venture partners.

In particular, the development charge rate for low-rise residential has been brought down by over $44,000, the City of Vaughan said.

The massive project would include 20% affordable units, "enabling one of the largest yields of new affordable homes in a single development application," as well as one school, three daycares, 9.4 acres of parks, and much, much more.

Many first-time home buyers and wise investors are turning their sights west, to beautiful Burlington. And waiting for them there is Latch Development's 1989 Condominium.

Canadian real estate company Longridge Partners is turning to the next generation for insight as it offers up $100,000 in prize money for students who put together the winning plans for its 624-acre greenbelt property.

​The project, located at 134-226 Harwood Avenue South in Ajax, was being undertaken by LeMine Investment Group when it was placed under receivership in April 2021.

​The receivership application was filed by KingSett Capital against Thind's Highline and Minoru Square projects.

Ontario has consistently ranked in the bottom half of provinces in terms of homebuilding per capita over the last six years — the data for 2024 being an indicator that things are only getting worse.

The potential lawsuit is coming from Mappro Realty, the owner of an adjacent property, over the staging area being used for construction of The One.

​The District Northwest project by Thind Properties is set for 13438 105A Avenue in Surrey and consists of two high-rise towers.

According to CMHC, housing starts across Canada shifted up from 223,391 units in September to 240,761 units this October, though the six-month trend remains "flat."

Chacon Developments is currently facing two receiverships and two of its other properties have been made available via power of sale.

Nestled amongst lush foliage, 32 Arjay Crescent, with its grand exterior and sophisticated interior designs, offers one of the most stunning homes in the neighbourhood.

For those looking to lay down roots in Sherwood Park, a true best-of-both-worlds destination, now may be just the right time — as the community welcomes Hearthstone.

Revised development plans from Pinnacle International ask for increased heights across the board, bringing the proposed storey-count up to 54, 44, and 15 storeys.

The Canada Lands Company and the MST Nations acquired the Jericho, Heather, and Marine Drive Lands in Fall 2014.

2024 © STOREYS Publishing Inc. | All Rights Reserved

The project, located at 134-226 Harwood Avenue South in Ajax, was being undertaken by LeMine Investment Group when it was placed under receivership in April 2021.

The receivership application was filed by KingSett Capital against Thind's Highline and Minoru Square projects.

The District Northwest project by Thind Properties is set for 13438 105A Avenue in Surrey and consists of two high-rise towers.