Major investment will support much needed initiatives across the province
Federal and local governments have announced a combined investment of nearly $66 million to support the development of more than 410 new affordable housing units throughout Alberta.
The funding will go to 11 affordable housing projects across the province. Of this sum, the federal government will be providing up to $32.5 million in funding, while provincial and municipal governments together with advocacy organizations will account for the rest.
The investment will support various needed initiatives, “including development of new affordable housing for seniors, families, veterans, and women and children,” according to Canada Mortgage and Housing Corporation. “Other projects will increase the number of beds available for addictions recovery, and to enable major renovations to improve existing affordable housing units.”
“Prime Minister Trudeau and our government has taken bold action to ensure access to housing for all Canadians,” said George Chahal, Member of Parliament for Calgary Skyview. “We are moving forward on bilateral funding agreements with all provinces to help Canadians access safe and affordable housing that meets their needs, including in Calgary and Alberta.
“With funding for more than ten projects in the province, we are helping make affordable housing more accessible Canadians access safe and affordable housing that meets their needs, including right here in Alberta.”
