Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Alberta & Prairies  + Finance  | 
The City of Calgary is selling five land parcels intended for affordable housing development.

City of Calgary Selling Five Land Parcels

The City of Calgary is selling five land parcels intended for affordable housing development.

Under a pilot program, each property will come with funding of up to $75,000 per door to help buyers develop housing quickly. The money will be available through the federal government’s Housing Accelerator Fund program, said the city in a news release,

“This [accelerated construction] will ensure more Calgarians are housed with dignity close to community amenities,” said Mayor Jyoti Gondek.

The five properties are situated in the communities of Crescent Heights, Haysboro, Erin Woods, Erlton and Shaganappi.Β The offering is part of the city’s non-market housing land sale program.

Indigenous non-profit groups will receive priority to acquire the parcels, and can apply between March 18 to April 25. All affordable housing organizations may apply between May 27 to July 4.

with rior to the opening of a general application program for all non-profit affordable housing developers.

The application window for Indigenous organization will be open from March

The parcel sales are expected to produce up to 290 new non-market rental homes, said the city.

I

Photo: JHVEPhoto / Shutterstock.com

Connect

Inside The Story

City of Calgary

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Financing
  • ◦Policy/Gov't
New call-to-action