Metropolis Approves $ 10 Million For Reasonably priced Housing In four Edmonton Areas
EDMONTON – A city council committee Thursday approved funding to build 124 affordable homes in four locations across Edmonton.
The $ 10.37 million grant goes to Avana Rentals, Right at Home Housing Society, and Treaty 8 First Nations of Alberta Holdings Ltd. to develop the units – and will account for up to 25 percent of the cost of capital, said the city in a press release.
“The city is investing in much more than just buildings,” said Christel Kjenner, director of affordable housing and homelessness, in a press release from the city of Edmonton. “Not only will future residents have a safe, stable and affordable home, they will also have a network of support to fuel their long-term success.”
“Developments like this will help bridge the gap in affordable housing while addressing some of the root causes of homelessness and housing insecurity,” added Kjenner.
The new affordable housing units are designed to accommodate First Nations families, newcomers, women and children, and people with disabilities.
NEW FUNDING BREAKDOWN
Contract 8 First Nations of Alberta Holdings Ltd. Receives $ 6 million city grants for Family Reunification Center and 24 Nations Lodge.
The new facility will include 30 units of family-oriented supportive accommodation for Indigenous parents and children and 32 studio suites for visitors receiving medical care in Edmonton.
“Treaty 8, on behalf of its Sovereign Nations, extends its sincere appreciation and gratitude to the City of Edmonton for today’s Executive Committee approval of $ 6 million,” said Margo Auger, Chief Administrative Officer of Treaty 8 First Nations of Alberta Holdings Ltd. According to the press release.
“It is an important initial funding commitment that will mobilize other funds needed to build the Fort Road project. When completed, these facilities will create affordable indigenous housing that will be associated with access to health care and support for children and families. Edmonton can now address longstanding systemic indigenous social and health inequalities. This project has been the chief’s vision for over 10 years. “
Avana Rentals Alberta Inc. is receiving US $ 1,730,831 from the city to build 30 townhouses in the Maple neighborhood of southeast Edmonton, at 50 to 80 percent of the average market price.
“Avana is excited to partner with the City of Edmonton to provide much-needed affordable housing for women and children. We are working closely with the YWCA to maximize the impact of newly built, safe and accessible housing units on the community, ”Jennifer Denouden, President and CEO of Avana Rentals, said in the city’s news release.
YWCA will also be involved in the project, which provides affordable housing for women and children with local support, the city said.
And the Right at Home Housing Society received $ 1,948,750 from city funds to help build 21 affordable units in a low-rise apartment building for their Beacon Heights project.
According to the city, the development will be geared towards newly arriving families with recommendations and support from the Multicultural Health Brokers and the Islamic Family and Social Association.
The Right at Home Housing Society is also getting $ 689,821 for 11 units as part of their Legacy Project.
“Right at Homes’ Beacon Heights and St. Paul Legacy projects are a joint investment in the community. These 32 new, high quality units will provide homes to live, study and thrive for many new families. We are grateful for their support City of Edmonton, our faith partners and other organizations that support people in need, “said Stuart Kehrig, chairman of the board of directors of the Right at Home Housing Society, in the press release.
With funding now approved to build a total of 1,406 homes, the city is more than halfway to creating 2,5,000 new or renovated affordable homes under its $ 133 million affordable housing investment plan.