$13.7M Invested in Affordable Housing

Three big actions today prioritizing affordable housing solutions which will see $13.7M invested by the City of Calgary

These new investments include:

A $6M City of Calgary capital grant program for urban Indigenous housing organizations and projects.
The sale of 3 parcels of surplus City land to non-profit affordable housing providers to create as many as 100 homes. We are also creating a one-time grant program that will provide up to $75K per door to non-profit housing developers to expedite development.
The City of Calgary, Calgary Homeless Foundation, and United Way of Calgary will each contribute $200K towards a community-based program that supports the provision of first month’s rent as well as a damage deposit to overcome initial housing affordability barriers. This will assist people living on low income, individuals fleeing domestic violence, newcomers, or those who have experienced a financial disruption and find themselves temporarily unhoused or insecurely housed.