Latest news with #AttainableHomes
Yahoo
03-07-2025
- Business
- Yahoo
Construction begins on 230 affordable townhomes in southeast Calgary
Families unable to buy a home at market prices will benefit from a new development in southeast Calgary, say two city-created organizations that aim to boost the supply of attainable housing. A partnership between the Calgary Municipal Land Corporation (CMLC) and Attainable Homes Calgary is set to bring 230 townhouses to the community of Albert Park/Radisson Heights, with eligibility for these homes to be based on income. The organizations, both created by the City of Calgary, finalized an agreement for the project in 2023 following the CMLC's purchase of the land from the city in 2018. CMLC president and CEO Kate Thompson called the development a significant step in navigating the city's housing challenges. "With Calgary's growing population and housing demand, there is a huge opportunity and need for well designed, smartly delivered rental and condo homes," she said. The project is located at the former David D. Oughton School site, a 3.5-hectare plot of land at 1511 34 St. S.E. Thompson said the location provides easy access to downtown Calgary as well as ample opportunity for recreation. "Re-investing in our inner city neighbourhoods and trying to increase density on those spaces, it's tricky work," she said. "This 230-unit project goes a long way in making that happen." The units range from one- to five-bedroom townhouses, and will be built alongside the development of a 1.2-hectare green space with an off-leash dog park and basketball courts. The goal is "to offer units that are significantly below market price right now," with prices ranging from $170,000 to $330,000, said Attainable Homes Calgary president and CEO Jaydan Tait. "We're looking for people that contribute very strongly to Calgary's economy, Calgary's cultural life, that just can't be in a market home right now," he said. Income will be the primary eligibility criterion, with those able to afford a home at market prices barred from purchasing from Attainable Homes, which works to help middle-income Calgarians achieve home ownership. "We have multiple hundreds of people that want to live here right now," Tait said. "We are working with those clients right now so they can purchase a home here in the next coming months." The townhomes are designated as owner-occupied, meaning they can't be bought for the purpose of renting them out. Tait said the project is supporting local businesses amid ongoing economic uncertainty by building wood-frame townhouses that require locally sourced materials, adding that they will incorporate significant hail resistance. "It's a balancing act between what our clients want, what is an appropriate fit in the neighborhood, and the viability of that financially," he said. Families are expected to start moving in next spring. The David D. Oughton site project is one of several being overseen by the Calgary Municipal Land Corporation, which is also working toward building over 900 homes in downtown Calgary's East Village. Construction of the first 162 of those units is slated to begin later this year.
CBC
15-05-2025
- Business
- CBC
Calgary housing developers optimistic about Carney's strategy, ready to see action
Hearing the new Liberal government tout an ambitious housing plan on the campaign trail has been music to the ears of developers working in the sector across Canada. But in Calgary, where accelerated population growth in recent years has hit the city during a national housing crisis, optimism for the federal strategy is tempered by desire to see more details about how its plan will play out on the ground. CBC News spoke with several leaders in Calgary's affordable housing sector who expressed hope for the strategy that Prime Minister Mark Carney has laid out. Attainable Homes Calgary President and CEO Jaydan Tait sees a lot to be optimistic about in the new plan, and while the Liberal Party formed a minority government that may not last a full term, he's confident there's progress the government can make quickly. "The number one thing this government could do right now is release the $10 billion in low-cost financing to the producers of affordable housing," Tait said. "They could do that immediately at below-market, very attractive interest rates that could get us building." But he noted that the strategy is only an idea until Ottawa can tell developers more about when and how they'll be able to access funding. New federal strategy In March, Carney unveiled his housing plan which promised to double the number of homes built annually to nearly 500,000, create an organization called Build Canada Homes to act as a developer overseeing affordable housing construction, and offer billions of dollars in low-cost financing and grants. Exceptional population growth through 2023 and 2024 led Alberta's population to recently hit five million people. Calgary has increased its efforts to build affordable housing, amid its population growth, after a city report found one in five households struggled to afford housing costs in 2021. Now, the city has taken an aggressive approach to offering more housing, as its 2024 housing review found it recorded the highest number of housing starts in Canada last year, surpassing 20,000 units for the first time. The new federal strategy offers funding designed to build affordable homes more quickly, and BILD Calgary Region CEO Brian Hahn said he wants to see government policy take a holistic approach to ensure buyers and renters at all wage levels have better access to housing. "If you only deal with one rung of that ladder, you create a logjam there. So it's important that whatever policy tools are applied, apply across the entire housing continuum," Hahn said. Hahn pointed to the federal strategy's commitment to cut municipal development charges in half as a "big game-changer," because the fees represent a meaningful portion of a new home's cost. But Calgary's mayor isn't as enthusiastic about the idea. Municipalities charge these fees to housing developers, and the funding is used to cover infrastructure costs like roads, transit, water, sewers and emergency services. Mayor Jyoti Gondek warned the cut would leave Calgarians to pick up the slack and pay more in taxes to keep critical infrastructure properly funded. "Municipalities have very few tools to raise revenue. Alongside levies, Calgary relies on property taxes, user fees and government transfers to provide safe, reliable and affordable services," Gondek wrote in a blog post, earlier this month. Building out housing supply Less than five per cent of all housing in Canada is operated in the public and "non-market sector," where rent isn't set by market forces, according to a 2021 paper commissioned by the Canadian Human Rights Commission. Tait said he'd like to see Ottawa take action on that figure and double the number of government-owned affordable units across the country. To further build out supply, Tait argued there's a "hyper-abundance" of publicly-owned land in Canada that could be released at zero cost to developers like his organization to be converted into affordable housing units. Sarah Woodgate, Calgary Housing's president and CEO, said she'd also like to see the federal government bolster Canada's housing supply by helping organizations like hers purchase housing. "In this current uncertain market, there is a window to provide capital funds for organizations like us to go out and buy housing that has been built or that is going to be built and secure it for perpetual affordable housing," Woodgate said. She'd also like to see Canada's Rental Protection Fund up and running. The program helps community housing groups acquire apartment buildings to preserve the affordability of rent in those units. The program was unveiled as part of the country's housing plan last year. Targeted housing supports Woodgate pointed to Canada Housing Benefit as another federal program she thinks is vital. The program is set to expire in 2027-28, and Woodgate argued the federal government should commit to renewing it, because its work to offer financial support for families in need is more vital now than when it was created. Carney's strategy aims to offer support to specific groups, including targeting funding for students and seniors, as well as more support for Indigenous housing. Shane Gauthier, CEO of the Aboriginal Friendship Centre of Calgary, which works to provide permanent supportive housing, said he supports these efforts as Indigenous people are over-represented in Canada's homeless population, but wants to see the federal government partner with existing Indigenous-led groups that better understand the cultural and historical contexts around the issue. "For us, this isn't an abstract issue; it's about our relatives, our community members, who deserve the safety, dignity, and cultural connection that a stable home provides," Gauther said. Streamlining development Developers across Calgary pointed to streamlining the process to deliver affordable housing as crucial to improving the country's housing supply. Canada's system is currently slow and piecemeal, said Woodgate, who advocates for an approach that would see the new Liberal government channel funding through experienced local housing providers that are better positioned to deliver the development needed in their local contexts. "Let's fund results, and not create new red tape. We already know how to build, and we need to get the capital out," Woodgate said. Mike Meldrum, CEO of the non-profit Calgary Affordable Housing Foundation which launched this year, added that all levels of government should coordinate funding mechanisms like grants and timelines so developers can more easily stack funding. The result would offer a level of certainty for developers who want to build housing that's offered below market value. "We can see that at times there is a waste of energy when everybody's worrying about getting credit and developing their own granting programs with their own criteria. It would be nice to see that be streamlined," said Meldrum. Mayoral candidates on federal strategy The new federal government and its housing strategy arrives during a year where Calgarians will go to the polls a second time to vote in new municipal leadership. And along with Gondek's concern about cuts to development fees, some of the city's other mayoral candidates called for ways that Ottawa can offer more aid to Calgary's affordable housing. Communities First mayoral candidate Sonya Sharp also wants more clarity about what the cuts to development fees will mean in Calgary, as its funding toward infrastructure is needed in redeveloping established neighbourhoods like Bowness and Altadore. She added that Ottawa would be more helpful setting goals for the provinces and municipalities to act on, because she argued housing strategies that will help in Toronto and Vancouver won't necessarily work in Calgary. "They should be setting targets. They should be establishing a funding pool for infrastructure and actually let the local government work with industry and province to deliver it," Sharp said, adding she'd also like to see all levels of government convert buildings they own into affordable housing. Brian Thiessen, The Calgary Party's mayoral candidate this fall, also wants to see more public land opened up for affordable housing, but he's skeptical of government acting as developers, as Carney's plan suggests through the Build Canada Homes entity. He said he'd like to see government instead partner with existing home builders. But Thiessen identifies another problem area that could be a choke point in housing progress. "If anything holds us back and prevents them in the next few years, it'll be the labour supply," Thiessen said. A significant number of skilled workers are needed, and Thiessen said he'd like to see more government funding going to schools like SAIT to train workers in the trades. Mayoral candidate Jeromy Farkas is in strong support of Carney's plan to cut development fees, but only if the burden doesn't fall on taxpayers to pick up the bill. He argues Ottawa has to offset cuts to development fees with dollar-for-dollar infrastructure funding for municipalities.
Calgary Herald
12-05-2025
- Business
- Calgary Herald
City to add 480 new homes in two years as part of new housing initiative
Article content The city has announced seven housing providers that have been selected as the first funding recipients of the Housing Capital Initiative (HCI). Article content Article content With an estimated investment of $30.7 million from the grant, the builders will deliver approximately 480 non-market homes, the majority of which are promised to finish construction within two years. Article content The housing initiative holds $60 million in funding and was approved by city council as part of the November 2023 budget to increase the supply of affordable non-market housing. Article content Article content Calgary Heritage Housing has promised to build 199 units of housing, with building to get 'underway shortly,' according to Reid Hendry, the city's chief housing officer. Article content Article content 'There aren't just numbers or statistics. These are homes. These are places Calgarians will be able to put down roots, raise their kids, build a future,' said Mayor Jyoti Gondek. 'They represent stability, opportunity and dignity.' Article content The city had received 13 applications and selected builders who could best prove that 'they can deliver these affordable homes quickly,' according to Hendry. Article content Construction on four of the seven projects is already underway, with 141 homes scheduled to be available by the end of the year, he added. Article content Article content The new homes will be available to all demographics, including seniors, women, families, single parents and Indigenous families, at rents below rates for a minimum of 30 years — 'in some cases 40 plus years,' Hendry said. Article content Article content Article content The infusion from HCI will allow Attainable Homes, one of the housing providers selected within the initiative to rent homes to Calgarians earning up to $44,000 without any operating subsidy, said Jaydan Tait, company president and CEO. Article content The promised 84 units of housing, constructed as modular housing, will be completed in 69 days, he added, with plans to ship and stack the housing in July and have them ready for residents to move into by August. Article content 'Access to sufficient money is often the biggest challenge in creating affordable housing, and given construction costs have soared since the pandemic,' he said, pointing to initiatives like the HCI as critical to speed up construction and availability of affordable housing for Calgarians in need.
