Thursday, March 1, 2018

City approves the sale of six development sites to non-profit affordable housing providers

In the most significant sale of City-owned land to affordable housing providers in The City’s history, the City of Calgary has approved the sale of six development sites to:
  • HomeSpace Society, 
  • Habitat for Humanity Southern Alberta; and, 
  • Homes for Heroes Foundation (in partnership with the Mustard Seed and ATCO Group).

Each non-profit organization demonstrated strong track records as affordable housing providers in Calgary by meeting a specific set of criteria including demonstrated experience in multi-residential development and operating, managing or selling non-market housing.

The sites are located in the communities of:
  • Hillhurst Sunnyside, 
  • Albert Park/Radisson Heights, 
  • Forest Lawn; and, 
  • the Downtown Commercial Core. 
Each non-profit met requirements for eligibility to receive funding from The City’s Housing Incentive Program (HIP) and a dedicated addition from the Canada Mortgage & Housing Corporation’s (CMHC) SEED Funding program, marking a meaningful collaboration between the two levels of government.

The City’s Real Estate & Development Services business unit was instrumental in the success of this land transaction process, having released The City-owned land at below-market value to support non-profit housing providers in the development of more affordable units.

This initiative is expected to yield up to 165 new affordable homes, helping to provide safe and stable housing to more Calgarians.





Affordable Housing Provider
Address
Community
Homes for Heroes Foundation
902-912 36 Street S.E.
Forest Lawn
HomeSpace Society
3725 10 Avenue S.E./1104 36 Street S.E.
Forest Lawn
Habitat for Humanity Southern Alberta
1305/1313 36 Street S.E.
Albert Park/Radisson Heights
Habitat for Humanity Southern Alberta
1523-1527 36 Street S.E.
Albert Park/Radisson Heights
HomeSpace Society
344 14 Street N.W.
Hillhurst Sunnyside
HomeSpace Society
933 5 Avenue S.W.
Downtown Commercial Core

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