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

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Tridel was selected to complete The One after the sales process resulted in no bids to buy the project.

The redevelopment of Tsawwassen Town Centre Mall being proposed by Century Group would consist of four towers up to 24 storeys.

The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.