Mortgage News - Nearly $30 Million Approved for New Affordable Housing Projects

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January 2006 National News Archive

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Nearly $30 Million Approved for New Affordable Housing Projects

CALGARY, Alberta, February 09, 2006 — Albertans in Calgary, Edmonton, Fort McMurray and Drumheller will have access to 278 new affordable housing units, thanks to almost $30 million in funding under phase two of the Canada – Alberta Affordable Housing Program Agreement.

“Canada’s New Government is proud to invest in such a significant program with Alberta to provide safe, affordable housing for hundreds of vulnerable and low-income Albertans,” said the Honourable Monte Solberg, Minister of Human Resources and Social Development. “This funding is helping families, seniors, low-income singles, and people with disabilities or special needs access longer-term housing and have an opportunity to live independently.”

The Canada – Alberta Affordable Housing Program Agreement assists in the creation of sustainable rental housing for low- to moderate-income Albertans, through the construction of new or renovated affordable housing units. Costs under the program are shared equally by the federal government and the Government of Alberta. Under phase two, $63 million has been announced for affordable housing projects, leading to the development of some 800 affordable housing units throughout the province.

The Honourable Ray Danyluk, Minister of Municipal Affairs and Housing, welcomed the announcement. “Premier Ed Stelmach has made a commitment to manage that growth and respond to the needs of Albertans, and this announcement demonstrates that we are taking positive action to make good on that promise.”

Since the creation of this initiative, close to $200 million has been committed to affordable housing projects throughout the province, leading to the support and development of approximately 3,700 housing units.

For more information on the Canada – Alberta Affordable Housing Program Agreement, visit the Alberta Seniors and Community Supports website at www.seniors.gov.ab.ca.

For more information, contact:

Lesley Harmer
Office of the Minister of Human Resources
and Social Development Canada
819-994-2482

Sophie Dupuis
Canada Mortgage and Housing Corporation
403-515-2986

Robert Storrier
Municipal Affairs and Housing
780-415-9950
To call toll free within Alberta dial 310-0000

Backgrounder

Project Name:	The Bridges Phase 2
Applicant:	City of Calgary, Corporate Properties and Buildings
Project Address:	925 – 955 McPherson Road NE, Calgary
Target Clients:	Low- to moderate-income families, and persons with special needs
Number of Units:	40 units (35 family units and five special needs units)
Total Project Cost:	$13,500,000
Total CAAHP Grant:	$5,400,000
	$2,700,000 from the federal government
	$2,700,000 from the provincial government
Contact:	Gail Sokolan Residential Land Development Coordinator 403-268-5690
Project Name:	Inglewood Residence
Applicant:	Horizon Housing Society
Project Address:	1815-28 Avenue SE portion 1820 – 30 Avenue SE and 2924 & 2930 – 17 Street SE, Calgary
Target Clients:	Low- to moderate-income singles, families, seniors and persons with special needs
Number of Units:	89 units
Total Project Cost:	$19,548,878
Total CAAHP Grant:	$12,282,918
	$6,141,459 from the federal government
	$6,141,459 from the provincial government
Contact:	Jerry Hoagland 403-297-1746
Project Name:	Inglewood Project
Applicant:	Universal Rehabilitation Service Agency
Project Address:	2232 – 9 Avenue SE, Calgary
Target Clients:	Persons with special needs (non-ambulatory brain injury)
Number of Units:	12 units
Total Project Cost:	$1,997,760
Total CAAHP Grant:	$1,084,242
	$542,121 from the federal government
	$542,121 from the provincial government
Contact:	Doug Hauser President 403-272-7722
Project Name:	Drumheller Affordable Housing
Applicant:	Town of Drumheller
Project Address:	215 – 10 Avenue SE, Drumheller
Target Clients:	Low- to moderate-income singles, families, and persons with special needs
Number of Units:	20 units (12 units will be wheel-chair accessible)
Total Project Cost:	$3,262,100
Total CAAHP Grant:	$2,845,000
	$1,422,500 from the federal government
	$1,422,500 from the provincial government
Contact:	Ray Romanetz CAO 403-823-1339
Project Name:	Fraser
Applicant:	City of Edmonton Non-Profit Housing Corporation
Project Address:	2503 – 151 Avenue, Edmonton
Target Clients:	Low- to moderate-income families and persons with special needs
Number of Units:	31 units (five special needs units)
Total Project Cost:	$5,191,000
Total CAAHP Grant:	$3,875,000
	$1,937,500 from the federal government
	$1,937,500 from the provincial government
Contact:	Terry Loat General Manager 780-496-6557
Project Name:	Kopernik Seniors’ Centre
Applicant:	Good Samaritan Society
Project Address:	10903-105 Street, Edmonton
Target Clients:	Low- to moderate-income seniors
Number of Units:	50 units
Total Project Cost:	$5,101,204
Total CAAHP Grant:	$2,500,000
	$1,250,000 from the federal government
	$1,250,000 from the provincial government
Contact:	Andrew Bialowas Project Manager 780-431-3753
Project Name:	Creekside
Applicant:	Wood Buffalo Housing and Development Corporation
Project Address:	185 Parsons Creek Drive, Regional Municipality of Wood Buffalo
Target Clients:	Low- to moderate-income families
Number of Units:	36 units
Total Project Cost:	$9,672,027
Total CAAHP Grant:	$1,800,000
	$900,000 from the federal government
	$900,000 from the provincial government
Contact:	Bryan Lutes CAO 780-799-4045