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Calgary to sell seven development sites to affordable housing providers

0 141 Government

by JOC News Service

CALGARY - The City of Calgary has announced plans to sell seven city-owned sites to non-profit affordable housing providers.
Calgary to sell seven development sites to affordable housing providers

The sites are in Saddleridge, Hillhurst, Albert Park/Radisson Heights, Forest Lawn and the downtown core. The sale is the largest to affordable housing providers in the city's history.

"Calgary faces a critical need for affordable housing, and the City of Calgary is proud of our role to help get that built. The release of this land is a historic step forward in creating more safe, quality housing for more of our fellow citizens," said Calgary Mayor Naheed Nenshi in a statement.

The sale will be open to more than 60 non-profit affordable housing providers in Calgary and applicants will be required to meet specific criteria such as demonstrated expertise in multi-residential development and operating, managing or selling non-market housing.

"A pressing issue facing Calgary's affordable housing sector is an inadequate supply of housing. We've received feedback from non-profit providers about the lack of suitable land to build new units and we are excited to offer these development opportunities so the city's land can be leveraged to build more homes," Calgary Housing director and Calgary Housing Company president Sarah Woodgate added.

Successful applicants will be eligible to receive funding from the City of Calgary's Housing Incentive Program (HIP) as well as the Canadian Mortgage and Housing Corporation's SEED funding program. The HIP provides grant funding and rebates on city permitting fees.

Applications will be accepted by the city for Calgary's real estate and development services business unit until Oct. 6, 2017. Successful applicants will then go through the development permit and/or land use amendment approval process, including community engagement, before construction can begin.

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