Calgary,
15
January
2020
|
17:00
America/Denver

Sale of five City-owned development sites to affordable housing providers in Calgary

Today, The City of Calgary announced plans to sell five City-owned sites to non-profit affordable housing providers, generating up to 200 new units for Calgarians in need.

The City offered a similar land sale in 2017. Successful applicants automatically qualified to receive grant funding through The City’s Housing Incentive Program (HIP) and Canada Mortgage and Housing Corporation’s (CMHC) SEED Funding program, marking a meaningful collaboration between the two levels of government.

New to the program this year, successful applicants can also qualify to receive funding under the Government of Canada’s National Housing Strategy, specifically the National Housing Co-Investment Fund delivered by CMHC resulting in a total federal investment of up to $48.5 million.

“The City of Calgary is taking action to address our critical need for affordable housing,” says Mayor Naheed Nenshi. “The release of this land, along with the CMHC partnership, is another step toward a Calgary where everyone can afford to live and build a life of dignity.” The HIP program provides grant funding and rebates on City permitting fees for affordable housing projects. CMHC SEED Funding provides financial assistance to support activities that will help facilitate the creation of new affordable housing units and assist existing housing projects to remain viable and affordable.

“Our government is thrilled to continue this unique partnership with The City of Calgary, and to streamline and accelerate the application process for affordable housing providers,” says Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development. “Like many Canadians, Calgarians are facing affordability challenges, so we’re rolling up our sleeves and working with government partners to find local solutions to local housing issues.”

The sites are located in the communities of Saddleridge, Seton, Highland Park, Banff Trail and Capitol Hill, and were selected for their close proximity to amenities such as transit, grocery stores and employment. The City is selling the sites at below market value, helping non-profit providers scale up and improve operational self-sufficiency.

“A pressing issue facing Calgary’s affordable housing sector is an inadequate supply of suitable land to build new units”, says Sarah Woodgate, Director of Calgary Housing and President of Calgary Housing Company. “We are excited to partner with CMHC to offer City land and funding in one package, making it faster and easier for non-profit providers to build more homes.”

The sale will be open to more than sixty non-profit affordable housing providers in Calgary working to address the affordable housing deficit in the city. Applicants will be required to meet a specific set of criteria including demonstrated experience in multi-residential development and operating, managing or selling non-market housing.

Applications will be accepted by The City’s Real Estate & Development Services business unit until Friday, March 27, 2020 at 4 p.m. Once the selection process is complete, successful applicants will be required to go through the development permit and/or land use amendment approval process, including community engagement, prior to starting construction on the site.

For more information, visit:

calgary.ca/nonmarketland
cmhc-schl.gc.ca/affordablehousing

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC’s aim is that by 2030, everyone in Canada has a home they can afford, and that meets their needs. For more information, please visit cmhc.ca or follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.

To find out more about the National Housing Strategy, visit www.placetocallhome.ca.

List of City-owned development sites:

Development Site

Address

Community

Development site #1

198-206 Saddleback RD NE

Saddleridge

Development site #2

352 34 Ave NE

Highland Park

Development site #3

1711 20 Street NW

Banff Trail

Development site #4

1730 16 Ave NW

Capitol Hill

Development site #5

3790 Seton Drive SE

Seton

Media Contact:

Hursh Jaswal
Office of the Minister of Families, Children and Social Development
647-835-4265

Leonard CatlingMedia Relations
Canada Mortgage and Housing Corporation
LCATLING@cmhc-schl.gc.ca
604-787-1787

Projects that resulted from the 2017 non-market land sale:

https://homesforheroesfoundation.ca/calgary/
https://www.facebook.com/HFHSouthernAB/videos/556549825180409/
https://www.homespace.org/properties/downtown/
https://www.homespace.org/properties/forest-lawn/
https://www.homespace.org/properties/hillhurst/