June 28, 2021
The City continues its push to increase housing options for all Edmontonians by launching a third round of capital grants for affordable housing development.
The
Affordable Housing Investment Program offers grants that cover up to 25 per cent of capital construction costs for multi-unit non-market housing and are available to eligible nonprofit and private sector organizations. Since 2020, the City has invested $13.8 million in 283 new units of affordable housing through the program. Applications for the third round of grant funding are due by September 3, 2021.
“We’ve had great success attracting affordable housing investment through this grant program. Every dollar the City has spent has been matched, on average, by six dollars from grant recipients,” said Christel Kjenner, the City’s Director of Affordable Housing and Homelessness. “More importantly, we’ve secured support for permanent, safe and affordable housing for Edmontonians who need it most.”
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. Through grants, land contributions, surplus school site redevelopment and supportive housing development, the City is on track to meet this goal, with support approved for 1531 units so far.
