Calgary announces $13.7M for affordable housing initiatives amid surging demand
Global News
A total of $14.1 million is earmarked for the three initiatives with combined funding from the City of Calgary, the United Way and the Calgary Homeless Foundation.
The City of Calgary has teamed up with two community non-profit organizations to create three new initiatives to boost affordable housing as demand for housing continues to grow.
In total, $14.1 million is earmarked for the initiatives with $13.7 million coming from last November’s budget deliberations.
A capital grant program brings in $6 million for urban Indigenous housing organizations and projects, after consultation with Indigenous housing providers, elders, nations and Indigenous Calgarians.
Further details on the program are expected in mid-March, with applications to be received in June.
“There is a disproportionate representation of Indigenous people among those who are unhoused and living in low income situations in our city,” Mayor Jyoti Gondek said Thursday. “This investment is imperative for a city that is seeking equity and inclusion while we carry forward with our commitment to truth and reconciliation.”
The City of Calgary will also make three parcels of city-owned land available for non-profit housing providers to build up to 100 units of affordable housing; the locations of the parcels will be made available at the end of February.
Alongside the three sites, $7.5 million will also be set aside for a capital grant program for the organizations building the housing developments, with up to $75,000 being made available for each unit.
Additionally, the Calgary Homeless Foundation, the United Way and the city are each contributing $200,000 to create a program that will help people pay for expenses, like first month’s rent and damage deposit.
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