Alberta invests $55 million into province’s affordable housing
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The province is accepting development proposals with an affordable, social or specialized housing component until Jan. 11, 2023. Housing providers can receive provincial financial support through capital grants, land or building contributions and/or transfer or long-term lease of government-owned land or building, the release said.
The 2022 capital plan will create 2,000 jobs for Albertans and $281 million will be allocated over three years to create 2,300 new housing units. According to the provinces projections, “a mix of new capital builds and rent subsidies will serve about 3,900 new households over the next three years.”
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