Nearly 90 residential units will come as part of a redevelopment of an office building
The federal government has committed close to $20 million for the development of new housing supply for Calgary.
Provincial and municipal officials announced a federal investment of nearly $16.6 million to create up to 82 new affordable homes in Calgary through the Cities Stream under the expanded Rapid Housing Initiative, along with $2 million through the Canada-Alberta Bilateral Housing agreement under the National Housing Strategy.
The city of Calgary is also contributing $5.5 million towards the project through its municipal strategy that aims to convert surplus office space to housing, according to the Canada Mortgage and Housing Corporation (CMHC).
The new homes will come as part of affordable housing provider HomeSpace’s redevelopment of an existing office building. The 82 homes will cater to both families and seniors, as well as for those experiencing, or who are at risk of, homelessness.
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“Alberta’s government is proud to support this innovative project to help people who may need to stabilize in a shelter, and then access transitional housing, before moving into an affordable housing unit – all in one location. This is an example of how smart partnerships and building on community expertise will help us meet the diverse housing needs of Albertans,” said Josephine Pon, Minister of Seniors and Housing for Alberta.
The new investment is on top of a previous federal commitment of $24.6 million through the first phase of the RHI to support the creation of 178 housing units in Calgary.
