Friday, February 26, 2010
New affordable housing opens: Louise Station
A new affordable housing development has opened downtown in the community of Eau Claire.
The 88-unit affordable housing tower in the Louise Station redevelopment will provide below-market housing to help working families and people with disabilities.
“By working together with The City of Calgary and the LaCaille Group, we are building more units for less, supporting the province’s goal to add 11,000 units of affordable housing by 2012, and delivering good value to the taxpayer,” said Jonathan Denis, Minister of Housing and Urban Affairs at the grande opening today.
The Louise Station affordable housing tower is a public-private partnership between The City of Calgary, The LaCaille Group and the Province of Alberta. The affordable housing units to be managed by the Calgary Housing Company (CHC).
Total funding for the Louise Station affordable housing tower was more than $27 million. The Province of Alberta, through the Ministry of Housing and Urban Affairs, provided $12 million with the City of Calgary providing more than $15 million.
These new homes will make a significant difference to lower-income households and will help to meet the need for affordable housing in Calgary. This project is part of The City’s Enterprise Housing Program, an umbrella capital program that delivers units through a buy/build/partner approach as well with financial incentives.
These new units form part of The City’s contribution to Calgary’s 10 Year Plan to End Homelessness.
Louise Station is the first development of its kind in Calgary as a result of its mixed-use and public-private partnership model. The site includes the affordable housing tower, a firehall, a market housing tower (116 units), 28,000 square feet of office space, and 2,600 square feet of commercial retail on the main floor.
The site will also address an immediate need for additional Fire and Emergency Medical Services in the west downtown while minimizing it’s the environmental footprint, consistent with City Council endorsed principles of Smart Growth.
For more information on Louise Station please visit calgary.ca/louisestation