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    Calgary rolls out $13.7M in funding for affordable housing initiatives

    YYC TimesBy YYC TimesFebruary 16, 2023No Comments3 Mins Read

    Article content material

    Calgary is committing greater than $13 million to a few new city-led initiatives aimed toward constructing extra reasonably priced housing, in addition to serving to individuals get into current rental housing.

    Article content material

    Mayor Jyoti Gondek introduced the three packages on Thursday.

    Article content material

    The primary is a $6 million capital grant program to assist city Indigenous housing organizations and initiatives. Particulars will likely be made obtainable subsequent month, and purposes will likely be open in June.

    Gondek mentioned the funding acknowledges that Indigenous individuals make up a disproportionately massive variety of people who find themselves homeless or in low-income residing conditions within the metropolis.

    She mentioned the funding is important for a metropolis in search of equality and inclusion.

    The second program is $7.5 million in capital grants for non-profit organizations that wish to construct housing on three new parcels of land, which town will make obtainable to them.

    The placement of the land parcels will likely be introduced on the finish of this month. That is the third time that town has made surplus land obtainable at below-market worth completely to non-profit housing companions, however that is the primary time that town has made grants obtainable to the companions who construct the properties. As much as $75,000 is made obtainable for every unit.

    Article content material

    “This makes us, along with our group companions, nimble and conscious of the wants of our neighbors who want assist to entry dignified and reasonably priced housing,” she mentioned.

    She famous that the rental financing program got here collectively in a matter of days after talking with the 2 group companions.

    ‘Once we had the flexibility to behave now, we did’

    Shovel. Courtney Walcott praised the velocity at which this funding is being made obtainable.

    “These are the varieties of selections that excite me about the way forward for this work, as a result of after we had the flexibility to behave now, we did,” he mentioned. “It is a huge change in the way in which governments normally function.”

    Patricia Jones, president and CEO of the Calgary Homeless Basis, mentioned its information reveals 38 % of individuals experiencing homelessness had been on the streets just because they did not have sufficient earnings.

    She mentioned the $600,000 to cowl the primary month’s lease will assist her group and others transfer individuals off the streets and into housing.

    “That is one software in a really massive toolkit, and it is solely by working with our great companions on the Metropolis of Calgary and United Means and our non-profit group that we are able to deal with this,” she mentioned.

    brthomas@postmedia.com
    Twitter: @brodie_thomas



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