January 31, 2022
The City continues to attract housing options for all Edmontonians with the launch of a fourth round of capital grants for affordable housing development.
The Affordable Housing Investment Program offers up to 25 per cent of capital construction costs for multi-unit non-market housing. Eligible nonprofit and private sector organizations can apply for the new round of grant funding that will close April 13, 2022.
Since 2019, the City has invested $18.4 million for 360 new units of affordable housing through the program. Every dollar invested by the City attracts nearly six dollars in affordable housing investment.
“It’s impossible to thrive while worrying about having a roof over your head,” said Christel Kjenner, the City’s Director of Affordable Housing and Homelessness. “This program not only helps struggling Edmontonians with safe, affordable and permanent housing, it leverages partnerships and expertise to make a difference throughout the city.”
The grant program is part of the City’s $133 million Affordable Housing Investment Plan, approved in 2018 with the goal of creating 2,500 new units by 2022. The City is currently on track to meet its goal, thanks to grants, land contributions, surplus school site redevelopment and supportive housing development.
To date, 1739 units have been approved, not counting the third round of Affordable Housing Investment Program grants, which closed September 30, 2021 and will be presented to council in coming weeks.
