Alberta's provincial government has renewed its commitment to affordable housing through a $6 million partnership agreement with Habitat for Humanity. The province's commitment will be combined with $12.5 million from Habitat for Humanity to build 68 affordable houses across Alberta in Red Deer, Calgary, Edmonton, Camrose, Olds, Lloydminister, South Peace, and Brooks.“Alberta’s partnership with Habitat for Humanity gives families access to affordable housing and helps them build equity for the future,” said Jonathan Denis, Minister of Housing and Urban Affairs. “Organizations like Habitat for Humanity operate efficiently, allowing the province to build more affordable housing and help more people.”
The recipients of the new Habitat housing are expected to undertake 500 hours of 'sweat equity' to qualify for a low interest mortgage on the already affordable-priced house. Recipients will typically help build their own house and make a start on others while completing their hours of sweat equity.
The partnership developed through a Request for Proposals (RFP) process initiated by Alberta's provincial government. The province is committed to increasing the number of affordable housing units across Alberta, primarily in partnership with local non-profit organizations. Last fiscal year, the province provided $90.3 million through the Affordable Housing RFP process for the development of 1,075 new affordable units in rural and urban Alberta. This year's budget includes $234 million in capital grants for affordable housing and renewal of existing social housing.
Non-profit organizations, private businesses and municipalities in Alberta are eligible to apply for funds through the RFP process, which accepts proposals in the spring. Applicants may receive up to 65 per cent of capital costs for their proposed development. For more information on affordable housing support in Alberta, visit http://www.housing.alberta.ca/.
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