In March, the Government of Canada announced more than $46 million in contributions and low-cost repayable loans to build and renew 1,431 homes at 21 housing projects located across Edmonton.
The announcement was made by the Honourable Randy Boissonnault, Member of Parliament for Edmonton Centre, Alberta; on behalf of the Honourable Nathaniel Erskine-Smith, the Minister of Housing, Infrastructure and Communities; alongside Lindsay Munn, Vice President of Property Portfolio Management for Civida.
“As an affordable housing provider, Civida appreciates the Federal Government’s commitment to expanding and strengthening affordable housing in Edmonton. With support from the Affordable Housing Fund (AHF) and Canada Greener Affordable Housing (CGAH), Civida, along with other housing providers, is better positioned to renew and maintain existing units, preserving access to safe, affordable housing for those who need it most for decades to come. Through collaboration with our government partners, Civida remains dedicated to creating sustainable, vibrant communities where everyone can thrive, said Gord Johnston, CEO, Civida.
The announcement took place at Central Village, a low-rise 42-unit apartment building owned and operated by Civida, which received $24,300 funding through Canada Greener Affordable Housing program as part of the announcement.
The projects announced are supported by various initiatives under the National Housing Strategy (NHS) and are designed to meet needs across the housing continuum, with a focus on Edmonton’s most vulnerable populations.
The funding includes:
- $37,179,550 in contributions and loans through theAffordable Housing Fund (AHF), which will help create 124 units across 2 projects.
- $8,836,337 in contributions and loans through the Canada Greener Affordable Housing (CGAH), which will help renew 1307 units across 19 projects.
“The market alone won’t deliver the housing affordability we need. These projects represent major progress in returning a strong federal role to affordable and non-market housing. It’s now time to double down on that commitment,” said Hon. Erskine-Smith.
Hon Boissonnault quoted, “We will tackle Edmonton’s affordable housing crisis with innovative solutions. Through the Affordable Housing Fund and the Canada Greener Affordable Housing program, we are building and renewing over 1,400 homes across Edmonton. By working with local communities, we’re investing $46 million to help those in Edmonton who need social and affordable housing the most, ensuring greater stability and opportunity for all.”
CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC’s aim is that everyone in Canada has a home they can afford and that meets their needs. Learn more at www.cmhc-schl.gc.ca.
